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To: jetcityrandy who wrote (32092)4/14/1998 3:39:00 PM
From: yard_man  Respond to of 53903
 
I agree. Looks like a pretty strong close is in the cards.



To: jetcityrandy who wrote (32092)4/14/1998 3:53:00 PM
From: DavidG  Read Replies (1) | Respond to of 53903
 
Randy,

Won't the May and beyond "in-somebody's-money" puts be cheaper this Friday??

You may be right but I usually do not hold PUTS or Shorts that long.
I will be out before Friday. Also look at the premiums of other PUTS and you will find this to be the best buy.

Maybe on Friday I will be in them again or possibly Julys PUTS, but I have little or no idea where MU will be then although 27.5 to 30 sounds good.

DavidG



To: jetcityrandy who wrote (32092)4/15/1998 10:34:00 AM
From: John Graybill  Read Replies (1) | Respond to of 53903
 
>>cheaper puts on Friday

No matter what option you're playing, you will get ripped off if you buy it on Friday. There's a gouge factor of at least 1/4 point that goes away between Friday close and Monday morning.