INTEL- Money Making Option Ideas for Small Investors Message Board

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Technology Stocks : INTEL- Money Making Option Ideas for Small Investors

INTC 37.86

-4.1%

9:37 AM EST

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To: IQBAL LATIF who wrote (23)	6/11/1997 4:48:00 PM
From: (Bob) Zumbrunnen	of 201

So, what was that all about?!? Intel was down about $2 most of the day, and when it got pretty late in the day, I called my broker to sell my July130 puts at a limit price halfway between the bid and the ask. No sooner had I placed the order than Intel starting going up quite quickly. Called minutes later and canceled. It ran away. My calls (I've got more of them than I do puts) went up more than my puts, but I really expected to close out the puts today and ride the calls back up, even using the proceeds from the puts to buy more calls. Why'd INTC do such a rapid turn-around today? It wasn't the supercomputer news, was it? I couldn't see anything else out there to suddenly turn all the bears into bulls.

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