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Technology Stocks : Intel Corporation (INTC)
INTC 50.22-0.7%Feb 9 3:59 PM EST

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To: Ted Jackson who wrote (4100)10/14/1996 9:31:00 PM
From: Jeffrey Boggis   of 186894
 
Ted, thanks for the post. I really don't have a strategy when it comes to options, but I do have a few "rules":

1. I buy call options with some time length to experience "2" earnings reports. For example, I bought the Intel January 90 calls so that I can enjoy both the October and January earnings reports. Some may say, why not just buy for 1 earnings report. Well, I don't bail on a hickup in earnings. The only time so far that I've lost money options is when I was "scared out". The option would have made me money if I stuck it out.

2. I like the strike price to be within 5-10 points of the stock price. I bought the january 90 calls when Intel was at 83. In this case, I prefer to buy the "90" calls vs the "85" calls. That's my strategy. Intel stock is up $7 in after hours trading. Still holding my January 90 call that I bought at $5 1/4. Closed at $19 3/4 today and will easily see $25-$30 on Tuesday!
Good luck! Jeff in Little Rock
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