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Technology Stocks : INTC
INTC 39.50-1.2%Nov 3 3:59 PM EST
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To: Gary Kao who wrote (728)10/21/1997 11:40:00 PM
From: Jules B. Garfunkel  Read Replies (1) of 990
 
Gary,
My strategy was Selling INTC Puts and Buying IBM Puts with the proceeds from the sale. Later, when INTC was up, I bought back the INTC Puts at a much lower price, and held the IBM Puts for very little cost. However later, as IBM's price rose. I had to pay more in order to roll up and further out in time.
Jules
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