### Comment:
Speaking to that, are you exercising any of your options and then holding to grab long term gains instead of short term? If it runs up during that time that's just a bonus, and you clearly have the cash to exercise a number of your options.

### REPLY:
Well, I would need over $5M to exercise, but I only have January calls in my taxable account so it should be an issue unless MU is acquired at least partially with cash, at which point I would consider it.   
  
 Don’t forget the expense of buying puts to hedge if you exercise to hold for a year

### END.