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Technology Stocks : Intel Corporation (INTC)
INTC 50.58+4.8%3:59 PM EST

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To: Riskmgmt who wrote (9477)1/28/1997 10:07:00 PM
From: jmac   of 186894
 
Selling the 160 calls brings you in two points. INTC will have to get to 155 pretty soon for those calls to go up to 3. And, then, INTC has to make a very strong move in the final three weeks for those calls to cause you concern. And, god forbid, INTC breaks through 160 in the next three weeks, you can always roll out to Mar at 170 and probably sell those for the same price you'd have to buy the Feb 160s back at and still hold the stock.

Since we both reserve the right to be wrong, nothing wrong with being a little cautious in here.
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