Intel Corporation (INTC) Message Board

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Technology Stocks : Intel Corporation (INTC)

INTC 48.59

-1.3%

Feb 4 3:59 PM EST

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To: Steve W. who wrote (23562)	6/2/1997 5:31:00 PM
From: Brian Malloy	of 186894

Steve, That is a hard one as their are only three weeks till expiration. As a general rule, something I do with options when working close in is sell 1/2 of my contracts once the price doubles and then play with the remaining contracts. I will post a book tomorrow that you may want to go out and take a look at at Barnes and Nobels or one of the larger chains. Their are strategies for option and leap repair but in general you need more time. I'm not sure how large your investment was but if this will be your first loss in six months then you are doing very well. I sometimes have bad timing but by and large I come out ahead. Downside is somewhat minimal with options and successful upside trades more than compensate for the occassional loss. Overall, since you have June 170's I would be inclined to close out this position and go out a little longer with say with October 170 calls, with the thought of getting out of them shortly after the stock splits in July. Brian

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