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Technology Stocks : INTCW
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To: Andrew Chow who wrote (17)1/8/1997 8:32:00 AM
From: M.Hicks   of 78
 
I'm in a situation with a covered call on INTCW which has an April $130 strike price. I could buy back in and sell July $150 options, but it would cost me about another $500 with fees included.

One way to look at it is that the decision was made to sell the options, and I should just stick to it. After all, I bought in @ $24.25, and have made a nice profit already.

Question is, am I going to miss another $30 or so increase by not getting back in, or should I just sit tight and wait?

Any encouragement?

Mike
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