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Technology Stocks : Atmel - the trend is about to change -- Ignore unavailable to you. Want to Upgrade?

To: Jim Lou who wrote (8073)	3/24/1998 5:11:00 PM
From: Vikas	Read Replies (3) \| Respond to of 13565

Jim, In the past, I've made a good deal of profit playing these options strategies (much more than I've ever made on the stock itself). When purchasing options, my goal is to get them for 5/8 or less. Now this time around, Atmel's downside risk is much less than it has been in the past (for the simple reason that it is trading very close to it's 52-week low and it's book value of just over $9/share). Therefore, the percentages point to an increase in the stock price if earnings are met. I haven't formulated my exact strategy yet, but will do so after I know the exact earnings release date. Vikas P.S. I am also toying with the idea of selling covered April 15 CALLs and buying the April 17.5 CALL as protection agains a pop.