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

To: Harry Soin who wrote (13188)	12/13/1997 12:32:00 AM
From: Lee Penick	Respond to of 70976

Hi Harry, I have very similar experience. Currently, looks like you could buy the dec 30s back for 4 and sell the jan 30s for 5 3/8s. A credit of 1 3/8s per share. Not bad for a transaction that didn't work out so far!!! I'm no expert here, but consider the following. Ask the broker to do it as one transaction, with the credit to be $xxxx amount or above. So with 5 days left, you might start out trying to get more than 1 3/8s credit per share. I'm jealous cause on my dec 35s the credit is not near as high. You get to make pretty good money just rolling into the January's!! good luck and let me know what you do. If you see a better way to play it let me know so I can learn too. Lee