Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 256.41

+1.1%

Dec 19 9:30 AM EST

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To: Lane who wrote (13189)	12/17/1997 10:33:00 PM
From: Lee Penick	Read Replies (1) of 70976

Lane, Off topic, FYI, The roll forward to the Jan 35 Puts didn't work. I couldn't get a credit of 3/4 so I tried 1/2. Couldn't get that either. Decided to go for the April 35s and recieved a credit of 1 3/4. This transaction has not gone as I hoped, dropping $10 the first week I sold the puts, but when the stock returns to 35 eventually, I will have made about 3K as it now stands. All my loses should be so pleasant. I also have Jan 25 Puts and may well let myself get put if the price goes into that range again. So what are you doing? Lee Does anyone here subscribe to Lawrence Mcmillan's options newsleter???

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