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Technology Stocks : Intel Corporation (INTC)
INTC 35.81+0.2%3:59 PM EST
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To: Paul Engel who wrote (69603)12/9/1998 5:48:00 PM
From: M31  Read Replies (1) of 186894
 
Paul- Re:He paid a piddling - but Intel will have to slide $33- $34 for him just break even.

Only if he holds them until April expiration. Assuming no big change in volatility or interest rates, put value will roughly double if INTC drops to the low 100s in a month, for example. I personally think it's an ill conceived trade, but INTC doesn't have to slide over $30 for him to break even.

M31
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