Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: Win-Lose-Draw who wrote (52349)	4/17/2002 5:43:45 PM
From: mishedlo	Read Replies (1) \| Respond to of 99280

Because I could be wrong. 3-4 point out of the money options during expiry week is a sucker play regardless of where I think BRCM might go. The calls were a sucker play as well after this runup and were meant for protection in case I am very wrong about BRCM earnings (or the reaction to it). If BRCM ran up 6-7 points over the next two days those 3 calls for $300 will be worth $5 covering the cost of much of my puts. OTOH if BRCM just drops 1-2 points then the calls will be worthless but the 10-3 leverage will more than cover the cost of the calls. I see ah that BRCM is a non-event A huge position in April puts would have cost me a fortune. It appears (depending on the open tomorrow) I can exit this trade close to break even as long as BRCM stays below 39 or so, and if it dips below 38 a near certain profit (although a very small one). Above 39 open tomorrow I am definately red but not by a lot (unless we see a spike to 46 or so - not gonna happen as we see it now). M