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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED

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To: Dealer who started this subject10/3/2000 12:22:52 PM
From: Clappy  Read Replies (3) of 65232
 
I'm toying with buying INTC slightly OTM near term.
Perhaps the Oct. or Nov. 45's

The gambler in me says INTC could possibly make back 10% to 45 in the next few weeks.

Especially as earnings season gets closer. (The news and hype machines start running.)

I'm just looking for a quick trade.
10% - 25% on a pop.

1 3/8 for Oct 45s.
A pop to 1 3/4 is more than a 25% profit.

Am I nuts?

-CasinoBoy
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