Intel Corporation (INTC) Message Board

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Technology Stocks : Intel Corporation (INTC)

INTC 48.60

+3.1%

9:38 AM EST

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To: VICTORIA GATE, MD who wrote (30598)	8/29/1997 1:09:00 AM
From: Ernie Ganas	of 186894

Victoria, LONG TERM INTEL CORP 1999 from DBCC @2130 082897 # CALL PRICE VOLUME SYMBOL 17 JAN 95 19 1/4 56 VNLAS 18 JAN 97 1/2 18 52 VNLAD 19 JAN100 17 119 VNLAT 20 JAN102 1/2 15 7/8 707 VNLAC 21 JAN110 14 66 VNLAB 22 JAN120 10 5/8 129 VNLAU 23 JAN160 30 1/2 0 VNLAX 24 JAN180 21 1/8 0 VNLAZ Forgive me for being stupid but which VNL's did you buy @16 1/4? As I understand it the LEAP's are options to buy in Jan 1999, correct? VNLAT gives you the option to buy in Jan 1999 @ 100 per share, so if between now and Jan 1999 INTEL is at or above 117 you will break even. Realizing the time value issues provide the risk, it appears the downside is minimal since it is unlikely that Intel won't wind up in that area some time in the next 16 months. However, one thing I have learned in dealing inthe market is there is no such thing as a sure thing, so what am I missing here?? Ernie

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