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Ibexx: I guess you didn't see my previous note that I wasn't in the Intel puts or recommending it. As for puts expiring worthless, no professional trader would let any option come back on him more than 1/2 point - maximum. I had a put trade the other day for a loss in IBM - cost me a total of 1/8 point when all was said and done. I don't have any other job. This is my only job. I've done this for over 36 years; at first in stocks, then equity options. Those on Prodigy Classic and on this bb who have read me over the years know my track record. They also know that I am right more times than wrong. I never profess to be right 100 percent of the time. But - I said that first stage puts were right around the corner - and I was right. I said that Intel could split w/o further authorization of shares in a 5 for 3 or 3 for 2. I was right. Now, what else do you want me to tell you? Well, since you didn't ask, I'll tell you (ggg) - The book-to-bill is "targeted" for release after the close on Monday, Dec 9. It could slide from there as usual. This info from my little lady at the Semi Industry - as always. Today, I sold out all of my long positions (at great prices, natch). It was a day that first stage puts should have been accumulated early and second, third, and fourth later throughout the day. But, anyone buying puts the last hour or so were late. You needed to get them when the stock was over 28 1/2. There is an old Marine saying: I have mine, now you get yours. Finally, there is another old saying: Good investors will make some money; good stock traders will make lots of money; and good stock option traders will annihilate both of them. I'm in the latter category. One final note: If you are worried about how much commissions you will have to pay - it's best you stay in your league and let the big guys do the rest. And, GOOD TRADING! (GGG) Jack |
