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

To: DavidG who wrote (32215)	4/17/1998 2:03:00 PM
From: Patrick Koehler	Read Replies (1) \| Respond to of 53903

David - I love these long term options - let's see, we have 2 hours to the close. Like you said, MU should hold at 28, so on the downside, I'm looking at max 3/8 loss, assuming I have to sell 1/8 below intrinsic for the buyer to make a profit just before the close. On the upside, it could run a point to 29 1/4, If I exit with MU at 28 1/4, I lose about $150 after commission (at intrinsic value). Patrick Whoops - I forgot that I don't lose if MU goes down. I have 50 May 32.5 puts! <gg>