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Technology Stocks : Intel Corporation (INTC) -- Ignore unavailable to you. Want to Upgrade?

To: Joey Smith who wrote (95345)	1/7/2000 11:12:00 AM
From: Elmer	Respond to of 186894

Re: "Do you buy back the Jan. puts before you sell the Feb. (to limit any excercising risk from a big, unexpected drop) or do you bank on the Jan. puts expiring worthless? " I expect to let them expire worthless, but your point about exposure is a good one. With earnings coming out next week, I expect things will settle down by the following week regardless of which way the earnings go. If (God forbid) my $75s should be ITM I may accept assignment or I may roll them out another month. I don't expect my $60s to be threatened but who wouldn't be glad to get assigned at $60? EP