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To: Tim McCormick who wrote (24327)	11/21/1997 12:29:00 AM
From: Skeeter Bug	Read Replies (1) \| Respond to of 53903

tim, don't get me wrong, i'd love to see mu hit $18 tomorrow ;-) imho, this bull market isn't over. interest rates are too low and the bulls never let fundamental concerns get in their way before ;-) also, amat had bang out numbers so the beaten down techs should get some reassurance. i don't mind if my dec expire worthless. that is, unless mu never goes higher that $27. i think gtw may see $35 and mu may see $30. i'm buying jan puts on both if they do. my nfliw must work out first. hopefully to the upside as i'm leveraged. btw, look at these eps estimates for mu: www1.wsrn.com and ultra.zacks.com all this at $3.46 a chip. i'm impressed if it happens :-) it won't...

To: Tim McCormick who wrote (24327)	11/21/1997 3:12:00 AM
From: Richard Bagdazian	Read Replies (1) \| Respond to of 53903

Question for you Options Experts: I just checked open interest in Nov. Mu options which expire at close tomorrow. Here is what things look like: MU: Open Interest Strike: 20 22.5 25 27.5 30 32.5 35 Call OI: 131 723 4173 3243 5810 2464 5890 Put OI: 1092 1361 3000 735 3807 1208 3350 Question: If the "Smart Money" was selling calls today on all that excitement, will we see close below 25 to wipe out that big chunk of Call Open Interest? Good Trading Rich Bagdazian