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

To: Road Walker who wrote (124215)	1/4/2001 6:30:49 PM
From: Hightechhooper	Read Replies (1) \| Respond to of 186894

John, I appreciate you stressing your point. I often convince myself that there is only one acceptable strategy and then I follow it until my death. My only problem is that I wrote the calls for only 1 1/4 so in order for me to get the $1 I need the stock would have to trade back to 30 or so (just a guess but probably about right) or it would have to stay where it is and 1 1/2 weeks would have to pass. I tried to write a strike high enough above current market for the stock to make it unlikely that it would ever get in the money (thus the 37.5's written with the stock now near 34). Do you think we could get above 37.5 after earnings? Logic says no because Q1 guidance will be so bad, but anything goes in a market where valuations are based mostly on emotions. A lot of cash on the sidelines too so a liquidity rally could happen at any time. I think that will be after next fed move but this is only a guess. Thanks again for pounding your point home. If the stock trades higher and they take the time premium out of it I will definately buy it back and not risk losing the shares. If the stock does trade higher, hopefully the premium will still decline as time runs out. They will probably keep a good premium on it until after earnings are out though. see ya,