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Politics : Formerly About Applied Materials
AMAT 228.68-2.7%Nov 11 3:59 PM EST

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To: Tito L. Nisperos Jr. who wrote (47935)7/6/2001 1:12:45 PM
From: Tito L. Nisperos Jr.  Read Replies (2) of 70976
 
AMAT YoYo Demo --- Options

Sold 100 sh AMAT @ 45.66 (bought @ 50.99) for a loss of 5.33 points and using the proceeds:

Bought 9 Calls Oct 50 @ 4.60 bringing my total holding for said series to 10 Calls @ 5.50 / sh

For purposes of this Demo I don't have cash left so I raised new money this way. The price of AMAT at around 45 is a must have.

If you do buy, get longer term Options or better LEAPs. For the price of 100 Sh you can have 2 Call LEAPs (200 sh equivalents). Has the effect of using margin without the broker asking for your financial health during down days.

Total Gains thus far:---
Weekly/intra-day YoYo Play = 3.07 points
Bi-weekly YoYo Play = 1.24 points
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