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Technology Stocks : Micron Only Forum
MU 237.16+4.6%Dec 5 9:30 AM EST
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To: Knighty Tin who wrote (35529)6/21/1998 12:40:00 PM
From: DavidG  Read Replies (3) of 53903
 
Mike,

If things are looking bleak to you, for MU after this acquistion, can I assume you are continuing to buy more PUTS in future months?

I am currently sitting with 40 MUGF's that I had used for short positions. I am now thinking about selling them. I recently bought 20 MUJE's b/c rightly or wrongly I think MU will move up from here.

Now I may not be trading this for a while until the dust settles on this acquisition. But I would just like to play for a 10 point move during the next six month time period. Now granted it may be silly by all the bears measures, but for myself I would like to try it.

Now here is what I am considering and if it is not too much trouble please comment:

1) Sell MUGF's

2) When MU goes over 25, Buy out-of-money PUTS for inurance such as
20 MUVD's, Also will add to CALLS by buying 20 more MUJEs

3) When MU goes over 28 rollover 40 MUJE's and buy 50 MUJF's...
Also buy 10 MUVE PUTS to add to 20 MUVD's

4) When MU goes over 31, rollover 50 MUJF's to 60 MUJG's or 50 MUMG's
also buy 10 MUVF

Now I know I may change my mind along the way and may even do some shorting if the opportunity is there. What I would like to know is if this is a sensible strategy for buying options on a stock that one might expect a large move in a short (6 month) period. I was also wondering if as the stock moves up to say 28 and 31 should I be buying significantly more calls then I suggested.

TIA

DavidG
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