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Technology Stocks : Micron Only Forum -- Ignore unavailable to you. Want to Upgrade?

To: James M. Belin who wrote (24586)	11/30/1997 5:42:00 PM
From: Skeeter Bug	Respond to of 53903

>>Do you have any recommendations regarding Micron puts that expire in Dec 1997 or Jan 1998?<< james, i'm proof that being 95% doesn't necessarily mean you profit ;-( i'm slightly above breakeven on mu. and it has been my most profitable trade even though nearly every put candidate i own is now down over 40% from where i put it - of course, after i sold my puts or they expired ;-( anyway, mu is grossly over valued, imho. i own dec 25s and i'm not selling them. the jans look sweeter, though the dec s/b ok b/c they report on the 12/16 and options expire on 12/19. i'm not adding yet as mu may stay high. if we are around 25 come 12/15, i will probably load up on more dec 25s for cheap and also temper that with some jan 22.50s in case the dolt money wants to prop this bow wow up. jmho and remember, i'm just barely in the black on mu - so take it for what it's worth... ;-)