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Politics : Formerly About Applied Materials
AMAT 301.11+6.9%Jan 9 9:30 AM EST

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To: Sampat Saraf who wrote (13221)12/13/1997 3:32:00 PM
From: Tito L. Nisperos Jr.  Read Replies (2) of 70976
 
Sampat, You could sell the Options in the high 20s, say 28, then Roll-over the proceeds to a new '00 30 LEAPs or whatever is comfortable for you--- when the stock goes down below 25 (the stock hit a low of 25 1/2 yesterday)...50% gain in 1 1/2 years is good...but you could do better if only you choose to Roll-over about 6 months before the LEAPs expire---when Time Premiums are still sustancial; the higher the price of the Option, the better time to sell and Roll-over.

If the stock should move lower than 25 Monday, sell them anyway and then Buy another later as the stock stabilizes at the bottom...
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