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 39.99

-0.4%

Oct 31 9:30 AM EST

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To: IQBAL LATIF who wrote (73)	6/22/1997 7:34:00 PM
From: Steve W.	of 201

IQBAL, I am one of the many lurkers who are greatly benefitting from your posts and market experience. Please continue to enlighten us with your views and opinions about the upcoming market direction. You may remember that I bought some short term calls on the Monday before the last Fed meeting (June 170's) and when rates did not go up I did quite well. I have been waiting for this next meeting to employ the same strategy. Don't you agree that with Intel's announced earnings shortcomings taking the pressure off of meeting the whisper # that if the now they do report $2.00 or more this will be viewed by the street as a big positive. Or do you think that this is already priced in and a new whisper # will materialize? I am planning again to purchase some far out of the $$ calls on INTC on Mon or Tues (July 1st), probably whatever I can get at approximately $1.50 per contract August calls so after the split the cost will be .75 per con. This seems to me to be an excellent opportunity for a quick triple-plus with the Fed meeting(no rate hike), Intel's earnings report with an upside surprise and then the split on the 13th. What is your opinion of this upcoming trade and what would you do differently?? Closer to the $$ strike price, wait until after the Fed meeting or INTC's earnings or something else I havn't thought of. I am thinking that I will have to go about 15 out of the money to reach my 1.50 contract price. Your Idea of the day thread and this one are the first two I check daily and I regard your opinion with the utmost respect. Steve W.

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