Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 267.87

-0.6%

Dec 5 9:30 AM EST

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To: advocatedevil who wrote (47785)	6/8/2001 5:31:32 PM
From: Jan Crawley	Read Replies (3) of 70976

In addition to my recent AMAT short I have an on-going short-biased Amat position: - In early May I shorted 700 Amat above $53; - Wrote 6 may-50 puts for $3+ the following day. - On the Amat earning report day I wrote(sold) 3 Jul calls for $6 premium. - Then Amat went to 58 and I wrote 2 Jul-50 calls for $9.80(asked for 3 contracts but only 2 filled). - Pocketed the may-50 premium; $1,600. - then, Bot 600 Amat under 49 and sold above 51 - again, Bot 600 Amat under 50 and sold at 51+ - again, Bot 600 Amat back at 50 and sold at 53 - Bot back the same 600 shares under 52 and sold 500 shares today at 55.23. So again, I am 700 short, 100 long(plus the above options). It's not very profitable, but it's been pretty good. What ya think? Regards! Message 15880895 Message 15802301

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