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Technology Stocks : INTEL TRADER

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To: Berney who wrote (3861)9/9/1998 11:58:00 PM
From: Gersh Avery  Read Replies (1) of 11051
 
Berney .. on the Intel thread, about six months ago, someone picked up some 75 calls two days before reporting and 5 days before expiration. She paid 1/16 on 200 contracts. INTC was trending down at that time. The next AM INTC started heading north. Her intention was to sell the calls just before close reporting day. She got called out and was not able to sell before reporting and had to ride out the night. I think that large quantities of alcohol were required for sleep that night. The next AM she finally got to sell. With INTC ~83. Two days before they expired.

Yes the short term ones can be a very wild ride.

Gersh
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