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.

Technology Stocks : Full Disclosure Trading -- Ignore unavailable to you. Want to Upgrade?

To: Jan Crawley who wrote (7764)	2/9/2004 10:16:19 PM
From: Sam Citron	Read Replies (1) \| Respond to of 13403

OT Just curious, Jan, as to your somewhat complex (at least to me) strategy. You are long 800 and short 900 MU and seeking to write 10 Mar 16 calls. Is there some advantage that you derive from this short against the box position relative to simply being short 100 shares? Are all shares in the same brokerage account?

To: Jan Crawley who wrote (7764)	2/10/2004 4:07:18 PM
From: Return to Sender	Respond to of 13403

OT: Note to self. Hold ST plays longer than the next day. MTSN is now a full buck above where I bought it yesterday. Concerning MU and the options. I have to admit that like Sam I am still confused. It is safe to assume that you will profit from either upward or downward moves in the stock by having both long and short positions and calls and puts in play. I think it is also safe to suggest that even if the underlying stock is more volatile than what you would expect that one option and underlysing stock position will benefit at the indirect expense of another. Or directly if they are in the same account. The beauty of your system is you can take profits on the stock or option that is in the money while you wait for the stock to swing back to where it might be profitable to buy a similar position again. If the market either takes off or sells off then you will hopefully still be holding the right position to maximize future gains. All that aside I wish I had not suggested MU as a short at 13.70. I'm getting tired of looking at that red mark in my account! RtS