Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 268.72

+1.3%

Dec 3 3:59 PM EST

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To: Big Bucks who wrote (14771)	1/18/1998 11:28:00 PM
From: Steve Rolfe	Read Replies (2) of 70976

OT Big Bucks, I own April 25 Calls. I believe they are currently around 6 1/2. IMO, they seem to make the most sense right now. I originally bought some at 7 1/2 when the stock was at 30 1/2. When the stock hit 33, I bought Jan. 27 1/2 puts as insurance(and to protect my gain) for 1/4. Friday the week before exp. the Jan. puts went to 1 1/4 when the stock dipped in the 27's so I sold them and bought more April 25 calls to lower my cost to around 5 1/2. I suggest if you buy some calls, save some money to insure them if the stock jumps up or buy some more if it goes down. I like the 25's because they are in the money and they seem safe given the current trading range. Anybody else own AMAT calls or puts right now? Disclaimer: I am relatively new to options. Steve

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