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Technology Stocks : Intel Corporation (INTC)
INTC 50.59+4.9%Feb 6 9:30 AM EST

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To: Chung Lee who wrote (4418)10/19/1996 4:00:00 AM
From: Daniel Chen   of 186894
 
Lee: That might be the player who profited the October $110 option call.

I was guessing that those big option players who hold Intel at $110 in October, just like those hold Dell Computer Auguster option at $60.
Why? These are the most easiest money to eat, total 10,000 call contracts = 1 million shares of stocks. When they sold too much shares to lower Intel to $110, they have to buy back to secure their future profit. Use a simple math: a ($2.50 - $0.75) times 1 million = $1.75 million.
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