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To: DavidG who wrote (31469)3/31/1998 10:49:00 AM
From: TREND1  Read Replies (3) | Respond to of 53903
 
David and Pat

Take a look the MU channel line and a line drawn through
FEB and MAR options closes

geocities.com

(1) This line is parallel to channel lines
(2) MU dropped 3.5 points between FEB and MAR option closes
(3) Is this 3.5 point drop enough to make "most" out-of-money
put options worthless ?
(4) I am saying that maybe the out-of-the-money put options
are the controlling factor of how fast MU is going down !
(5) Comments ?
Larry Dudash
PS: Maybe the April option close will be near 27 ?