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

To: Ian@SI who wrote (48697)	7/3/2001 9:26:37 PM
From: Jerome	Read Replies (1) \| Respond to of 70976

I hope that you are right. I have option positions all over the board, and an upward bias would help me more than a modest correction. I use Fosback's book, "Stock Market Logic" and I do pay attention to what he says about monthly patterns and stock prices. That being said I wonder how much his figures are thrown off because some of the biggest corrections in DOW and Nasdaq History took place in the middle of the month. No need to poll the thread viewers to see which out come they would prefer. You win hands down. Regards, Jerome

To: Ian@SI who wrote (48697)	7/3/2001 9:44:47 PM
From: Jerome	Respond to of 70976

Creating an AMAT option hedge for the LT B&H crowd....... 1)A common fear of many shareholders is a collapse in the price of AMAT from today's 50 range to the mid 30's. 2)A second fear is that of option writing and short term trading, in that AMAT will zoom up in price without notice. The January 2004 leaps that I suggested in an earlier post would protect the short term trader. But my question would be: What would the most economical option hedge be to protect 1000 shares of AMAT from a steep decline? For many thread viewers selling out is not a consideration because the tax consequences are difficult to digest. I know that there are many good option traders that view this board. I'd like to know how they would manage the problem. Thanks, Jerome