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Technology Stocks : Micron Only Forum
MU 237.16+4.6%Dec 5 9:30 AM EST

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To: mr. who wrote (23925)11/12/1997 10:35:00 PM
From: Peter Shaw  Read Replies (2) of 53903
 
For those who understand the time value of options, the fact that MU spent 10 months reaching it's 52 week high from about this price level, and made the round trip in 3 months will not be lost on them...
Puts made far more money than calls or outright long holdings!
Congratulations on being smart enough to disregard your own projections of $70 and selling near the top, but don't even begin to disregard the enormous profits made on the short side. Annualize the returns and you'll finally understand...

Peter Shaw
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