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


To: Hightechhooper who wrote (124218)1/4/2001 6:56:38 PM
From: Road Walker  Respond to of 186894
 
High,

Odds are, the stock will trade above your strike price before expiration. Take a look at an Intel chart:

siliconinvestor.com

And the volatility will probably be higher now than it was for the last three weeks. The point I'm trying to make is that if those calls get cheap, buy them back, and smile. Because the stock may go much higher the next day. If it goes lower, you locked in a profit, not a bad thing. Greed kills, and it kills very quickly with options, often overnight when you can't do anything. The odds are you will be profitable in this trade in the next three weeks, don't look a gift horse in the mouth for an extra 1/4 or 1/2 point.

Be humble, like Carl.

John