Intel Corporation (INTC) Message Board

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Technology Stocks : Intel Corporation (INTC)

INTC 49.27

+2.1%

9:30 AM EST

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To: Riskmgmt who wrote (9485)	1/28/1997 11:26:00 PM
From: jmac	of 186894

You are so right about timing. I learned that the hard way by buying and selling OEX calls when I was a young. However, the selling of calls is a good idea when you think you are in for some consolidation--as I do now. I don't think INTC will be above 160 in 3 1/2 weeks. I could be wrong. But, this is what I think now. So, I will take the risk of being wrong to bring in some extra premium. When I think the stock is going to go up more than 15-20 points in 30 days, then I don't sell the calls. As I recall, the idea of buying protective puts came about around 2 weeks prior to earnings announcement or Jan 1 when INTC was around 131. I didn't see the value of buying puts then and don't now. If you bought the INTC leap puts then (INTC at 131), you would still be at a loss. Heck, INTC is only 5 points from its high. Right now, I don't believe INTC will climb 10+ points in the next 3 weeks so selling thse calls makes sense to me. If I am wrong, I will still be very happy.

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