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

To: Cary Salsberg who wrote (57394)	12/13/2001 1:39:41 PM
From: willcousa	Respond to of 70976

So you have made more than 10% in option premium on day one. Interesting how this is working these days.

To: Cary Salsberg who wrote (57394)	12/13/2001 2:15:13 PM
From: advocatedevil	Read Replies (1) \| Respond to of 70976

Testing the lows of the day here. This should be interesting. AdvocateDevil

To: Cary Salsberg who wrote (57394)	12/13/2001 2:25:38 PM
From: Sam Citron	Read Replies (1) \| Respond to of 70976

Great Cary. Do you intend to hold onto these covered call positions until expiration or do you expect to trade them? Sam

To: Cary Salsberg who wrote (57394)	12/13/2001 3:01:25 PM
From: Claude	Read Replies (3) \| Respond to of 70976

re: Bought AMAT @ $42.209, sold July $50 call @$4.60 Cary or other option gurus, Could you please explain to me the downside of Cary's trade because I don't see any. First let me make sure I got this straight (I am an options novice): Cary bought around 42 and sold calls at 4.6 effectively reducing his cost to around 38 1/2. He could be called the stock in July if its over 50 capping his gains but then I think we would all be happy with roughly 30% gains between now and then. So whats the downside? and why is anybody buying these calls? thanks, TOAD