Intel Corporation (INTC) Message Board

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Technology Stocks : Intel Corporation (INTC)

INTC 50.79

+5.2%

11:23 AM EST

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To: Riskmgmt who wrote (9699)	1/31/1997 2:42:00 AM
From: Jim Lass	of 186894

Re:"So Jim what is the plan now with INTC at $160 1/2??" Ray, I think one important thing I've learned is that before you enter any trade, whether a simply stock purchase, or something more complex like options, you need do decide AHEAD of time what you will do under different scenarios. I posted earlier 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 scenerio My plan for tomorrow AM is to buy back the 160's and sell 3 of the 170's for every 2 of the 160's that I previously owned. At an INTC share price of 160 1/8, this will cost me very little to do. What will I do if INTC hits 170 before expiration? I will roll the Feb 170's into Mar 180's, again at a very little cost. I always roll when the out of the money covered calls become in the money covered calls, and I will always do whatever it takes to keep the stock from being called. Good luck tomorrow! Jim

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