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Politics : Formerly About Applied Materials
AMAT 254.72+0.9%Dec 1 3:59 PM EST

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To: Tito L. Nisperos Jr. who wrote (63425)5/5/2002 1:44:43 PM
From: Gottfried  Read Replies (1) of 70976
 
Tito, maybe this is of interest...

Applied Materials (NasdaqNM: AMAT - news) Inc.'s options were active ahead of its May 14 quarterly earnings report as a large investor established a new position in its June calls while closing out a position in the July calls, market watchers said.

It appears this investor sold more than 12,000 June 22 .50 calls and bought back a similar amount of July 27 .50 calls. If this person owns the underlying stock, this trade would provide a downside hedge at a lower strike price and a month earlier than before.

With Applied Materials shares down 9 cents to $22.78, the price of the June 22 .50 calls fell 50 cents to $1.95 at the American Stock Exchange. The July 27 .50 calls fell 5 cents to 80 cents at the AMEX.


biz.yahoo.com
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