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To: S. M. SAIFEE who wrote (49311)10/15/1999 4:17:00 PM
From: Patrick Koehler  Read Replies (2) | Respond to of 53903
 
And the "trade at the close" on NYSE is 90,200 shares at 70 5/16.
Close enough to the 70 strike. Wiped out all of the 18,970 puts that didn't cover earlier.
The 12,143 calls had a fraction of intrinsic value. Great day for the option writers again!.
Now, the big question is,
1. Will the market gap up on Monday, following this down week, and MU open at 72?
2. Will the market have a big down Monday, like 500-600 points, which happens sometimes at this time of year?
No position for the weekend.
Patrick