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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: Road Walker who wrote (4431)10/19/1996 2:55:00 PM
From: Chung Lee   of 186894
 
John,

As another poster revealed in earlier post, Networth show closing price at 110.75 and one of my brokers (Ceres), also show 110.75, may be they were both wrong.

Someone please enlighten me on why Intel Oct 95 call could have an ask of 15.375 when the stock ask was 110 at the close? (There were actual trades at the close at 15.25, the buyer's action seemed irrational, what's the scoop.

I own Intel common and bought some calls when Intel indicated sales would be +5% sequentially and margin +2%, "a no brainer", it was my first option trade and the result was very +ve.
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