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

To: TREND1 who wrote (44157)	3/24/1999 9:56:00 AM
From: John Graybill	Read Replies (1) \| Respond to of 53903

MU 51 3/4 per CNBC ticker just now. Decisions, decisions. Option players, note that below 50 there are strikes every 2 1/2 points instead of every 5; legging into spreads becomes much easier. My general strategy for legging-in includes trying to sell the second part of the spread after the move, when that option is at the money. You're selling the most amount of premium that way. For example, I am considering an April 55-50 put spread. So I would buy a 55 put somewhere below 55 and try to sell the 50 on a nice quick drop to 50.