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Technology Stocks : Applied Materials No-Politics Thread (AMAT)
AMAT 228.68-2.7%Nov 11 3:59 PM EST

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To: Gottfried who wrote (25256)3/7/2013 6:25:52 AM
From: Jerome  Read Replies (1) of 25522
 
Options.....Hey Gottfried.....I got a notice from Fidelity a couple of weeks ago that they were going to issue mini option contracts. Any idea what what that would be about? Some option contracts on high share price companies like AAPL, and Google are too high priced for me to work with.

For myself I have been buying in the money calls on HPQ and BAC. On HPQ my preference would be the 19's or 20's going out to May and July expiration. In my opinion both HPQ and BAC are headed much higher from current levels. I have no strong feelings about AMAT going anywhere from its current price. However MU looks like it has upside potential based on price increases for DRAM and NAND. Here I have purchased some calls at the 8 strike for April expiration at a price of .90 . When MU reports at the end of this month these calls will be nicely profitable or just another tax loss.
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