Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 261.90

+0.4%

Dec 26 9:30 AM EST

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To: Amir Desai who wrote (13549)	12/18/1997 1:42:00 AM
From: ratan lal	Read Replies (1) of 70976

Amir Tell em where I am confused. You have sold CC on AMAT Jan 99 $35's for $5.125. << My guess is that AMAT goess well above $45 by the end of 3rd qtr in 98 >> Ok so now AMAT is at 45. The $35 CC is now worth at least $10+premium for 3 months time value. Would'nt you have been better off keeping the stock and NOW selling the $45 CC for its premium?? << and that the premium in the LEAP by then will evaporate to $2 to $3. I probab;y end up buying it back. >> AMAT has already gon up $10 from your Strike price. SO you can buy it back for $10+time value ($3??) = $13. You would have been better off not selling the CC. ratan

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