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Technology Stocks : Advanced Micro Devices - Moderated (AMD) -- Ignore unavailable to you. Want to Upgrade?

To: TGPTNDR who wrote (47924)	7/17/2001 7:39:08 AM
From: Mark A. Forte	Read Replies (1) \| Respond to of 275872

That's cutting it too close. I bot the AUG 25 puts @.50 last week.

To: TGPTNDR who wrote (47924)	7/17/2001 7:52:41 AM
From: niceguy767	Respond to of 275872

TGPTNDR: "For the sake of the record I bought 30 contracts of INTC July 25 puts today @.10. I wanted more, but didn't get filled all the way." The risk/reward ratio looks favourable in this environment. Down to the nitty gritty now with only 4 days to expiry...but the big day is tomorrow after tonight's q2 staging! Even techs coming in at street estimates seem to be getting pummelled. No way INTC exceeds $0.10, in fact, might be closer to minus $0.10 if both revenues and ASP's have declined by 10%...(Don't let us forget that INTC's PC side has probably outperformed the non-PC side by a wide margin)...and, judging by recent AMD comments and today's INTC mobile price cuts, forward (q3) visibility suggests continuance of negative performance.

To: TGPTNDR who wrote (47924)	7/17/2001 1:16:08 PM
From: Pravin Kamdar	Read Replies (4) \| Respond to of 275872

To those that are holding and/or today buying Intel puts, I just wanted to warn that there is no guarantee that Intel will drop after earnings. If Apple and GM come in above estimates there may be upward pressure in the market tomorrow, and if Intel makes their usual claims about "stabilization" with signs of seasonal pickup in demand there could be a short covering rally in there stock that keeps it above $30 through expiration. Just some food for thought. Good luck to everyone. Personally, I sold a third of my $30 puts last week when Intel was down around $27, and I will probably sell another third today to lock in some profit. I'll keep the last third hoping for a home run tomorrow. Pravin