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

To: Tito L. Nisperos Jr. who wrote (63427)	5/5/2002 8:49:34 PM
From: Gottfried	Read Replies (1) \| Respond to of 70976

Tito, the options transaction doesn't look like that of a very bullish investor. >With Applied Materials shares down 9 cents to $22.78, the price of the June 22 .50 calls fell 50 cents to $1.95 at the American Stock Exchange. The July 27 .50 calls fell 5 cents to 80 cents at the AMEX.< Looks to me as if he thought the July calls might expire worthless, so he sold them. Selling the June calls gave him the shares for 22.78-1.95=20.83 if he bought the stock and sold the calls at the close. Gottfried