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Technology Stocks : Micron Only Forum

MU 233.13

-2.6%

10:21 AM EST

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To: Callisto who wrote (31009)	3/22/1998 4:22:00 PM
From: Lazlo Pierce	Read Replies (4) of 53903

A little lesson in buying puts for me, and anyone else interested. I bought the April 30 puts about 6-7 weeks ago, when MU was selling for ~ 35 3/4, the price I paid was 1 9/16. Today, with the stock selling @ 30 1/2 , the puts are now 1 11/16 x 1 3/4. So the stock has fallen 5 1/4, and the puts have increased by ~ 3/16. Talk about not taking advantage with out of the money options! Dave

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