Semi Equipment Analysis Message Board

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Technology Stocks : Semi Equipment Analysis

SOXX 344.71

-1.1%

4:00 PM EST

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To: Sarmad Y. Hermiz who wrote (28959)	3/1/2006 10:58:58 AM
From: BWAC	Read Replies (2) of 95757

I tell ya what made a nice trade on INTC. Selling the March 22.5 Puts for 2.50 back when the stock was bouncing off $20. And pairing that with a buy of the $20 Puts for 40 cents. 100 of each. Risk $4000. Today thats closable at $1.70 for the $22.50's. Gain of $8000. And a loss on the $20's of $2500 which are trading at 15 cents. Given how the markIt is acting lately I think mentally I will just book a complete loss on the 20's and see where it ends up in the next couple weeks. Risk 4k. Gain on closing 22.5's $8k Complete Loss assumed on 20's $4k Net +$4k (100%) Maybe thats why Algo likes to push towards strike prices and then reverse course?

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