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Politics : Formerly About Applied Materials
AMAT 260.77+0.2%Dec 24 12:59 PM EST

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To: davesd who wrote (13237)12/14/1997 1:40:00 AM
From: Carlson  Read Replies (2) of 70976
 
Dave, With your forecast of the 1999 LEAPS over $30 expiring worthless have you sold naked calls on AMAT. I recently sold the January 1999 60 calls naked and collected over a $3 premium. I noted that these are now trading for 1 9/16. The following premiums are now available for the January 1999 LEAPS: 30call 6 35call 4 3/4 40call 3 3/4 50 call 2 1/2. I have also considered a spread stategy which will work very good if the stock doesn't move into the mid 50s. Sell 2 50 calls for every 40 call that you purchase. Good luck in your trading.
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