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Technology Stocks : Intel Corporation (INTC)
INTC 40.56+10.2%Nov 28 9:30 AM EST

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To: Elmer who wrote (124193)1/4/2001 5:05:51 PM
From: Hightechhooper  Read Replies (2) of 186894
 
Elmer,

I am still nervous about the rolling strategy given I am praying INTC will get into an uptrend here after the fallout from Q1 conference call. I think INTC has more likelihood of trading over 40 by february expiration than it does over 37.5 by January. I would like to see the Jan's expire worthless and then get past the next fed meeting (which could lead to another relief/liquidity rally) and then sell some Febs at 42.5 or 45 strike (A strike high enough to make me feel comfortable the options expire worthless).

If the stock does take off I will have to re-evaluate the rollout strategy in the short-term.

Thanks for the feedback,
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