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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: Gottfried who wrote (42301)	2/16/2001 6:59:54 PM
From: mitch-c	Read Replies (2) \| Respond to of 70976

Yeah, well, there is that ... <g> (Hard to tell if you were teasing or not.) I guess the choice of which to do is dependent upon the strength of your uncertainty. Selling a Covered Call at the top of the cycle seems kind of like pumping your legs on a swing ... you get just a bit more oomph out of the cycle, while deferring the actual sale of the stock. Likewise, buying a Put at the top of the cycle lets you control - and leverage - far more shares than simply selling your holding. (each option = 100 shares.) Through the prior two runs above 50, I've dumped about 10% of my shares as well. Since AMAT seems to be moving 48 +/- 6, I figure I'll put the truck in reverse at 43-42, and bottom out the shocks anywhere below 40. - Mitch