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To: yard_man who wrote (30801)3/19/1998 12:30:00 PM
From: DavidG  Respond to of 53903
 
Barry,

Not short. Have April 30's. Don't know what I'd do if it goes to 28 -- probably wait. But I do expect it to drop next week after expiration. If not I lose some more premium. So what?

Thanks. One thing is for sure you were well bred by the "forever bears"...remember all PUTS lose premium up until expiration...so if MU does nothing over time your out-of-money PUTS will be worthless.:-)

This is the biggest problems with just waiting with PUTS.

My advice to you is if by chance MU is at 28 on Tuesday take the money and run. It may be the most value you ever see in them.<g>

Good Luck Trading

DavidG