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Technology Stocks : Intel Corporation (INTC)
INTC 37.81-4.3%Dec 12 9:30 AM EST

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To: herb will who wrote (160715)2/28/2002 5:28:58 PM
From: L. Adam Latham   of 186894
 
All:

Interesting snippet in the WSJ On-Line this afternoon:

online.wsj.com (subscription required)

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As technology stocks remain bogged down by concerns about corporate earnings outlooks, an investor extended a protective put position in Intel Corp.'s puts, rolling it out at least one month further into April from March. The institutional investor held a large position in Intel's March 32.50 puts; on Thursday, the investor sold more than 25,000 of those puts and bought a similar number of April 32.50 puts, which extends the right to sell Intel stock for $32.50 apiece into mid-April.

Intel stock fell 97 cents to $28.92. At the Pacific Exchange, the March 32.50 puts rose 50 cents to $3.80 as 28,240 contracts traded, compared with open interest of 46,974. The April 32.50 puts gained 50 cents to $4.40 as 26,735 contracts traded at the Pacific, compared with open interest of 25,977.
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