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Politics : Formerly About Applied Materials

AMAT 262.92

+0.4%

Dec 29 3:59 PM EST

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To: kdavy who wrote (53706)	10/3/2001 11:38:15 PM
From: Jerome	Read Replies (1) of 70976

KDAVY..On Topic Option strategy for this month We have 12 trading days till options expire. The twelfth day is expiration day so you might as well throw that one out. Expiration day has no logic to it, so don't try to second guess it. I did read up on the matter, and someone said that no matter how stocks end up on the Friday of expiration the following Monday stocks will open down . That you can take to the bank. Following are todays closing prices and the strike I would use for a covered call or a sell price if this rally continues into tomorrow. ...... Close....Strike AMAT...30.34....35 LRCX...17.59....17.50 klac...32.24....35 nvls...28.......35 csco...13.95....12.50 sunw....9.00....10.00 orcl...13.66....12.50 lltc...34.......35.00 mxim...38.......40.00 xlnx...26.72....30.00 Some where in the middle of next week reality sets in. The economy is still in a rat hole. Panic over how bad the earnings will be. Panic over the deterioration of the outlook At this point covered calls make good sense because I think we see a rally followed by a retracement. This is my plan...a good rally tomorrow makes this all work out for the better. Regards, Jerome

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