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

To: Alastair McIntosh who wrote (55593)	11/14/2001 8:23:46 PM
From: Jerome	Read Replies (3) \| Respond to of 70976

Some Details on the AMAT one month play... Amat will open between 38 and 41 tomorrow. After one hour of trading the trend will obvious.(recovery off a low open or sinking after a strong open) Buy AMAT at whatever price and immediately write a covered call at the money or slightly in the money. AMAT is ideal for this because it has option prices at 2 1/2 point increments. ( 35, 37.50 40,42.50, 45 ). An at the money call will be worth about 8% after commissions. If you feel that the price of AMAT unstable , use a slightly in the money call. Otherwise use a at the money call. Foolproof...no....but money market yields are riskless and almost profitless. There are other covered call option players who may wish to post alternative strategies. Regards, Jerome