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AMAT's decline is showing stability.

|Includes: Applied Materials, Inc. (AMAT)

Bought shares at 11.13, and wrote june strike 10 calls at 1.45/contract for an intrinsic time value of .32/share.  The quantitative chances of AMAT testing below 10/share by June expiration is slim considering the strength of the market.  But, if it does go below 10, I son't mind pocketing the entire premium of the calls and the shares.  At that time, I will roll into July options and scalp the lows of the shares until I prevail in net gain.