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To: mishedlo who wrote (70112)2/22/2001 12:28:14 AM
From: Shack  Read Replies (2) | Respond to of 436258
 
I am tired of these high premiums on tech puts

Funny you should say that MS. I am actually long very few tech puts now. The premiums were pissing me off and I saw some better rewards elsewhere.

-I still have my CLS puts-I want some action here like EMC
-Bought some on MU today on that fat rally, but I thought they were relatively cheap.
-I went long JPM and LEH puts yesterday to cover off the financials. Those were dirt cheap
-Bought some on AMGN today which covers off the Bios (and the druggies) which have yet to smell the glove. Nice 60 P/E on that one.
-Still holding some March 50's on GE, no movement yet..long overdue.

I have some room for a retailer and I am eyeing COST. Way overvalued. I had been looking at BBBY for a while and forgot about it, too bad it tanked today.

I like your choice of ANF, grim chart with a potential double top forming.

Edit-Also have some on BVF-another Bio.