Intel Corporation (INTC) Message Board

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Technology Stocks : Intel Corporation (INTC)

INTC 36.20

+0.1%

Dec 26 3:59 PM EST

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To: Ali Chen who wrote (178411)	6/26/2004 4:52:05 PM
From: Elmer Phud	Read Replies (1) of 186894

Ali - I don't mind your analysis but at least get it right. In your usual confusion you have completely distorted the point. It is quite simple really and even you should be able to grasp it, in time. I buy 100 Shares @ $20 and sell a $20 CC. Later the call is exercised and I deliver the 100 shares at $20. I neither make or lose anything on that transaction, premium not included in this calculation, regardless of the current share price. If I buy more shares @ $30 it doesn't change the first transaction. The fact that you can't see that is disappointing but not in the least surprising.

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