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To: J. P. who wrote (24888)3/12/1999 10:52:00 AM
From: Alias Shrugged  Read Replies (2) | Respond to of 86076
 
MU

I'm long the April 60 puts (avg price 3.5) and short the April 50s (sold for 3-7/8).

Anybody willing to give some free advice? I will do fine if MU closes at or below 50 by april. Should i just let this thing ride?

Mike



To: J. P. who wrote (24888)3/12/1999 11:28:00 AM
From: IceShark  Read Replies (1) | Respond to of 86076
 
Yea, I'm not sure what to do with it. And I'm now so deep in the money that I may as well be holding the underlying, so a point is a point to me. I'm about ready to bail since no one can come up with any contrary argument to the Taiwan deal. I don't think it will be all that big of a deal in the long run, but the market could pop POS for awhile.