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Technology Stocks : Intel Corporation (INTC)
INTC 46.47-4.5%Jan 30 9:30 AM EST

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To: jack c rains who wrote (7700)1/9/1997 8:54:00 AM
From: Kevin   of 186894
 
Hi Jack, a mutual friend of ours (Autumn) mentioned your name to me, as a person who is experienced with options and likes to play INTC.
We seem to have the same tastes.

What type of strategy do you use...buying options or writing them or both?

I like selling puts @ $130 (for the moment). INTC has dipped below $130 (twice), but on a closing basis this is a pretty good support. I also wouldn't mind having the stock put to me (which has never happened). I've also sold calls, but with the stock pushing new highs, I've relaxed on that (for a while, $125 was a decent resistance).

I buy puts on a fairly regular basis when I see a divergence between money flows and the actual stock price...did it yesterday for a $2 1/4 drop intraday.

INTC is one of few that actually follows its money flows closely on a day-to-day basis. This stock will typically close any divergence by the end of the day.

Would like to hear about any tactics you use.

Kevin
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