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Technology Stocks : Cymer (CYMI) -- Ignore unavailable to you. Want to Upgrade?

To: WTSherman who wrote (24287)	2/16/2000 9:05:00 PM
From: Jerome	Respond to of 25960

** CYMER Option play of the Month ** With the assumption that the CYMER bulls are correct, and the stock price is heading north from here I couldn't resist posting another option play. With CYMER trading at 60 (act. 59 15/16 close) the easiest play would be the May 40's My Fidelity option screen shows 21 1/4 by 22 1/2. At todays close the cost of 100 Cymer shares is about $6000.00 An alternative would be to buy 3 contracts of the MAY 40's. The cost would be $6675.00. If CYMER beaks to 70 these contracts would be worth $9000.00. What would make the stock move? A good earnings report, along with a good outlook. There are three BTB reports between now and then. The bad case result would be that CYMER stays just where its at.If this happens you get back $6000.00. Then repeat the process again. Options are not for everyone but this risk does not seem outlandish. Good Luck, Jerome