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Technology Stocks : Intel Corporation (INTC)
INTC 40.26-0.2%12:18 PM EST

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To: Gersh Avery who wrote (124867)1/14/2001 7:19:04 PM
From: Paul Engel  Read Replies (1) of 186894
 
Gersh - Re: "I'm currious. Are you still selling puts or did you give it up at the same time the company did?"

I am still selling puts on Intel.

With Intel's price so low - in the low $30s - selling puts with a strike price in the low $20s is a good way of generating cash - with the only downside risk of buying Intel for about $22 1/2 per share.

On the way down, I paid quite a bit more than $22 1/2 - buying Intel shares outright.

Paul
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