Cymer (CYMI) Message Board

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Technology Stocks : Cymer (CYMI)

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To: Zeev Hed who wrote (9753)	11/14/1997 8:39:00 PM
From: TideGlider	Read Replies (1) of 25960

Zeev.. I agree with you about writing calls out of the money. You also at that time have the support of the big money. I more than frequently note that all but emtremely large floats are gragged across the expiration date without quite breaking money. I have also noticed that they push and pull them in slightly longer ranges until the puts are ready to score...then bringing the price just shy of the call money. Pretty good business and if the calls outweigh the puts sigificantly a surprise downgrade on very suspicious and at least least subjective reasoning is placed; causing the momentum fall and a big score for the writers. In this particular stock......I believe it was Montgomery. If you buy calls and expect no "IRAQ, HK, Japan, Brazil" type "crisis du-jour" then the best time to buy is severla day prior to expiration and into the following month "IN THE MONEY CALLS". Just my opinion.... Bruce BTW I am not going to proof read this...<G>

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