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Technology Stocks : Intel Corporation (INTC)
INTC 48.26-0.7%Feb 5 3:59 PM EST
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To: jmac who wrote (9494)1/29/1997 4:22:00 AM
From: Jim Lass   of 186894
 
Re:"However, the selling of calls is a good idea..."

I agree! I sold a bunch of the Feb 160's this morning for 2 1/2.
If INTC did happen to hit 160 in the next 17 trading days, I'd
be thrilled! I'd also buy back the 160's and sell even more 170's
which would be a perfect senerio. Ray, I also got caught selling
calls when INTC was around 75. Fortunately, I gave in alot quicker
than you did. The difference is that then, INTC was re-testing
an all time high that was set over a year earlier. Now, we're
just coming off a huge run and will certainly be resting for a
while. Writing calls is the way to go here. If INTC was to have
a sizable correction to say, 125 - 130, I'd start writing puts!
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