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Technology Stocks : Applied Materials No-Politics Thread (AMAT) -- Ignore unavailable to you. Want to Upgrade?

To: Proud_Infidel who wrote (14460)	4/15/2005 10:33:15 PM
From: BWAC	Read Replies (1) \| Respond to of 25522

Here is a good laugh for all. Way back when the world wasn't ending on Tuesday, and AMAT was near 16, I got the idea that either LRCX would blow the sector up with guidance or cause a small rally to fade. Bought 500 AMAT April 16 Calls for 10 cents, and 500 April 16 Puts for 20 cents. Wednesday: Expected an end of day bounce into LRCX earnings. So during the day I got "smart" and thought I could sell the Puts for 40 cents and lock in a gain, which I did. Nice enough $5000 trade net of Calls cost. Thought maybe I could get them back near the close. Never in my wildest dreams thought those Puts would close out today worth $1.50 or a "lost" opportunity at $55,000 more.