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 39.50

-1.2%

Nov 3 3:59 PM EST

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To: WWilkes who wrote (41)	6/19/1997 2:09:00 AM
From: IQBAL LATIF	of 201

My trade for INTC today, if INTC breaks 1481/2 intraday or SOXx breaks 311.8 -312.5, I go long July 150 or155 calls. If Soxx breaks 305 and takes out 302 I will sell SOXx index 310 July and BUy protective puts for July at 295. On INTC, I will wait and see if weakness takes it down to 142 or not, it is this level and resistance bears have to take out before anyone shorts or even contemplates to play INTC on the short side, again that would be a trade with surgical precision. Markets are there to be taken advantage of, discipline entry and exit points avoid chances of entering market at a wrong time.

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