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Politics : Ask Michael Burke
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To: Knighty Tin who wrote (328)8/7/1996 12:11:00 PM
From: Paul Moerman   of 132070
 
MB - What a morning! I bought 3 MU Oct 20 puts at 15/16, and 5 MU Oct 17.5's at 7/16. Did I do well? Still the right thing to do, right?<g>

I thought about you when I heard Smith Barney (and perhaps others) had upgraded MU. I figured you must be thinking "what a gift!". Am I close?<g>

I also wrote covered calls (Jan 20's) on my Teradyne position, so I feel a little better protected if the market heads back south. Am considering taking advantage of LRCX's strength to write calls or buy puts as well, but may wait until AMAT comes out with earnings in case they are a positive influence. Do you have any thoughts on this strategy? Hope you are having a fun day! PM
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