Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 256.89

-1.2%

Dec 31 3:59 PM EST

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To: Sam Citron who wrote (57418)	12/13/2001 4:00:05 PM
From: Cary Salsberg	Read Replies (1) of 70976

I like the AMAT trade because 42.21 - 4.60 = 37.61, 11 cents above the top of my range. 50 + 4.60 = 54.60, 40 cents below the level I have posted for profit taking. The other trades have similar upper and lower parameters. The market should always be "range bound" within a specific, relatively short time interval because business results and stock valuation multiples are "bounding" variables. Covered calls and money covered puts are conservative ways to improve risk/reward in various situations and, in my case, to allow me to make moves that I might not otherwise make. Without the CC's, I would be required to wait for 37.5 on AMAT before I moved. I am limiting the upside to 54.60, but I would probably sell at that level.

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