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

To: DavidG who wrote (27780)	2/4/1998 5:06:00 PM
From: Kerry Phineas	Respond to of 53903

Straddle's buying a put and a call. Different unless I'm missing something (would be a first -g-). Personally, I have no clue whats going to happen in the near future with MU, so I might do a straddle if the price comes down a bit. It seems like we're hitting a near-term-blow-off-dead-cat-bounce top, but that could go on for a while; none too confident, but I wasn't when the stock was at 60 either. Personally, not risking much either way and if I was I'd be hedged like a champ. Unlike PK, though, my bias is towards the downside, so I'd play a longterm put and then make short term plays to the upside, with the puts considerably out of the money.