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Politics : Formerly About Applied Materials
AMAT 260.22+0.4%Dec 23 3:59 PM EST

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To: Debt Free who wrote (12819)12/9/1997 2:53:00 PM
From: Tito L. Nisperos Jr.  Read Replies (2) of 70976
 
Doug,

We know that AMAT has been trading recently from the lower to the upper 30s completing one cycle, say from top to bottom and back to top as in a Yoyo swing in 5 or more days. So if we sell say a Call Option above 35 and buy back below 35 (with about 3 or more dollar spread in the stock), we can have a profit from the Option.

Today is the start of another Yoyo swing as the stock broke to the downside the low of 33 15/16 set yesterday.
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