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Politics : Formerly About Applied Materials
AMAT 268.74-2.3%2:29 PM EST
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To: michael97123 who wrote (62008)3/13/2002 11:03:10 AM
From: kdavy  Read Replies (1) of 70976
 
Mike,

Let me answer your question here. My plan is to buy 1000 shares of amat now around 49.50 -50.0 range. Then write april 50 covered calls for about 3.50 and sell april 45 puts for 1.75. This means that I pocket 3.50 + 1.75 = 5.25X1000= 5250. Now if amat closes above 50 I lose my shares but that will be ok. If amat goes below 45 then I will have to buy 1000 shares at 45. This way I don't lose any thing until 39.75. If amat falls below that I will start losing money.

Any comments from the thread.

kdavy
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