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Politics : Formerly About Applied Materials
AMAT 275.13+3.0%Dec 10 3:59 PM EST

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To: advocatedevil who wrote (50755)8/17/2001 5:05:47 PM
From: mitch-c  Read Replies (1) of 70976
 
I did a lot of sitting, too.

Exception - I've noticed a slow cycle in BLS, with very little volatility premium in the options. It tends to drop below 40 around the first week of a month, then close above it as options expire.

I grabbed some 40 puts as it headed down, then sweated them as BLS never seemed to go below 39 long enough to shift the bid on the puts. Finally - today - it gave me about a 20% lift (potential of 50% if I hadn't bailed early).

That's the thing about patterns - they change just as you become aware of them.

- Mitch
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