jmac,
The 150's are a long way out, but this is no ordinary month, I really feel that we are going to get a really big move before earnings, and probably again after earnings, no matter what, I will be shocked if we don't see a sizeable move, at least 10 points.... Earnings are a good week away from expirations, therefore, if we see 145 a week out, you don't see them worth at least $4?? seems to me if we are at $145 even a week away from expirations, they will be worth a minimum of $5(probably more, since the stock will be on a severe upward trend).....
Hell just last week, when I bought the 135's, and sold the 150's (I was covering these sells today, because I feel like I can make more off them than just the 2.50 I sold them for...), the stock ran up to 138 and change, they were worth nearly $4 then.... seems the high 130's or low 140's next week is almost a sure thing, INTC always has some news to release, or some analyst will raise expectations, or something....
Hell, I may be dead wrong(wouldn't be the first time), but who knows??? My broker told me I was crazy when I bought OEX 710 calls last week 3 days before expirations for $2 and change, with the strike nearly 6 points away.... (unfortunately I sold the next day for a little over $4, if I held onto them until expiration, I would have made about 30 points instead of 2...BUMMER!!!)
Ernie |
