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

To: Land_Lubber who wrote (42738)	2/4/1999 9:48:00 AM
From: John Graybill	Read Replies (1) \| Respond to of 53903

For daily insanity, MU is as good as it gets. A friend of mine like to play RMBS for the day-to-day volatility as well, but I had to show him that RMBS moved 30% up or down only four or five times in a year. Chump change! The April 65 puts at 3 1/2 or so in the next couple of days (maybe in a couple of minutes, actually) are looking mighty tasty. Catch them at 3 1/2, sell some February 65 puts on one of the 10:30 lows for nearly a buck, and you've got yourself a pretty cheap hedge. Can't wait too long to sell the Feb 65 puts though, premium decay is gonna start kicking in real soon. FWIW, I like the S&P better than the DJII for gauging overall market reaction. Too easy to jack the DJII around with an upgrade or downgrade of a single stock. BTW, each 1-point move in a DJII stock translates to about a 4.25 point move in the DJII itself. So three points in IBM, which is not a giant move at all, is 13 or 14 points in the DJII. Sometimes this is a significant amount. MU 79 7/8 as I write -- time to go see if we peak at 10:00.