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Technology Stocks : Cymer (CYMI) -- Ignore unavailable to you. Want to Upgrade?


To: Scott Violette who wrote (17285)5/1/1998 10:46:00 AM
From: Douglas Rhodes  Respond to of 25960
 
Yes, I'm in the same preverbial(sp?) tub as TG when it comes to taking a bath on CYMI calls. Trying to get rid of my latest batch of May 22.5's now and cut my losses. There is something to be said for the fact that more people make money Selling options than Buying options. I have contributed to that phenomenon greatly. Thinking about trying the other side of the coin and selling some options for the short term. I think we've seen some pretty amazing manipulations on the stock price these past six months to make sure CYMI lands quite squarely on a heavy options # on expiration day. I'm putting my money on CYMI being right around (read just under)22.5 two Friday's from now The volume and price movements this week make it a sure bet unless there is an upgrade/downgrade or major market move in the next two weeks. Not likely in my opinion. FWIW. Wish I'd have dumped these babies for six bucks a piece last week when I could have. Coulda, shoulda, woulda....



To: Scott Violette who wrote (17285)5/2/1998 3:24:00 PM
From: Sundar Rajan  Respond to of 25960
 
I was lucky in selling may 30 calls against my CYMI position when it was around 27~28. Wish I sold my calls when it nearly touched 31 before their earnings. I looked up the premiums for June calls and the premiums are really low.