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Technology Stocks : INTEL TRADER
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To: MonsieurGonzo who wrote (6515)8/7/1999 1:45:00 PM
From: Gersh Avery  Read Replies (1) of 11051
 
Hi Steve ..

It's even worse than that ..

__________________________________________________________

options - you guess right, you win.
you gotta be right enough! .. otherwise the Chi boyz gotcha ballz and no money left. *

options - you guess wrong, you lose.

options - nothing happens, the seller wins.

__________________________________________________________

...two out of three is better than 50:50 (^_^)

* example:

INTC at earnings time. Very tough cookie.
In my game account I had both puts and calls. I figured whatever way it bounced I would catch it .. wrong.

The portfolio went from ~200k to ~40k the next day. It seems to me that the way to play those days is something like:

Sell both first notch in ITM puts and calls. Result: keep all the premium and have a tax loss when the transfer takes place.
Buy both ~15 OTM puts and calls x~3(your hedge in case of massive movement .. unlikely)
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