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

To: Lane who wrote (13055)	12/11/1997 11:06:00 PM
From: Big Bucks	Respond to of 70976

Lane, I will defer to others more qualified to discuss options strategies. Tito has indicated that AMAT LEAPS give you the best leverage over the long term concerning option plays. Good Luck!! BB

To: Lane who wrote (13055)	12/12/1997 7:53:00 AM
From: Tito L. Nisperos Jr.	Read Replies (2) \| Respond to of 70976

Lane, you are doing Great in your Puts. We are forming a 3-section Landing:--- the first section stood at the 50s, the second collapsed to the 30s and the last one (I hope) is under construction at the 20s (each section measuring 2 months wide)---more looking like wide steps going down (sometimes I wonder if AMAT Traders are reading SI and are following my Yoyo Staircase Pattern Guide for the stock)...Sure, looking ahead in the next year or two, the stock is a Bargain at the 30s, but in the meantime we could leisurely play Yoyo to improve our positions at the 20s and even at the 10s if the Short-term Oriented Investors decide to add another wide step dowm...

To: Lane who wrote (13055)	12/12/1997 2:08:00 PM
From: Lee Penick	Read Replies (1) \| Respond to of 70976

Lane, You said you were getting Put for a average cost of 34? Is that right? Can't you roll them forward, and possible down too? I'm in a similar situation with Dec 35, but just plan to roll them into Jan 35s and making 3/4 additional per share. Granted, I won't make what I wanted the first month. But if the stock eventually comes back, (matter of time) I won't lose either. I'll just keep selling more time value and collect a little more each month. Then, when the price gets back to 35, I may let myself get put and play the calls and the puts. Hope this helps. Hate to see anyone lose money. Lee