Intel Corporation (INTC) Message Board

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Technology Stocks : Intel Corporation (INTC)

INTC 50.59

+4.9%

Feb 6 9:30 AM EST

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To: Chung Lee who wrote (4418)	10/18/1996 9:21:00 PM
From: Henry Choy	of 186894

I have been watching INTC and INTCW the whole day and noticed that while INTC is trading down 3/4 at 110 most of the day, INTCW has been trading even or up by as much as 3/8. Of course, there are close to 10000 Oct 110 calls and 3700 Oct 110 puts expiring. INTC could be affected by that, but since INTCW is trading independently it cannot be "fixed" unless it is a concerted effort (which apparently is not). So I suspect that some options writers are trying to keep the price at 110. If INTC has closed at 110 all these calls and puts will expire. But the last trade that drove up the stock to 110.75 certainly will get 1M shares to be exercised tomorrow, including some of those shares that the price fixers wanted to protect. They are going to be grinding their teeth through their weekend. I had a lot of fun watching it today. Even more fun seeing the last movement. Monday, will be interesting. Henry

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