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Technology Stocks : Micron Only Forum

MU 237.16

+4.6%

Dec 5 3:59 PM EST

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To: Knighty Tin who wrote (35538)	6/21/1998 7:57:00 PM
From: DavidG	Read Replies (2) of 53903

Mike, Thanks for the response. Yes it would be silly for me to buy a second set of MUJE's when MU goes over 25, probably MUJF's is better at that point. Also I believe it was being too aggressive to rollover to higher puts and increase the number of contracts (and keep the same amount of money invested). Not taking profits might be a foolish move given that the time/premium could deteriorate little faster than my ambitious 6 month plan. My new plan based on your input might go like this: Currently have 40 MUGF and 20 MUJE 1) sell MUGF'S 2) When MU goes over 25, Buy 20 new calls of MUJF's, and buy 20 out-of-money PUTS MUVD's, 3) When MU goes over 28, then rollover 20 MUJE's and buy 20 more MUJF's 4) When MU goes over 31, then rollover 40 MUJF's to buy 40 MUJG's(or at this time MUAG's). Also buy 10 MUVE's(or MUME's) 5) As MU hits 33 sell off calls Is this now consistent with your option play when you expect a trend up? TIA Really appreciate your input. DavidG

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