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Politics : Ask Michael Burke
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To: The Perfect Hedge who wrote (25108)12/16/1997 2:43:00 AM
From: Kerry Phineas  Read Replies (1) of 132070
 
GD, I've bought a lot of MU puts, but I bought all of 10 Jan 30's when the stock was at 53, and I sold 3. I had a lot of October puts also that I sold and used the money to buy some TXN puts when it was at 140. I'm too amazed to take any profits(on MU, took some profits on TXN, then bought some more) especially since the whole put portfolio was all but worthless. Basically the put portfolio was down 80 % then up 1000%. Need to hedge somehow, but may just wait it out.
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