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

To: Amy J who wrote (140055)	7/25/2001 8:28:50 AM
From: willcousa	Respond to of 186894

I don't have any CC's outstanding on intel now. If I were to write one it would be very short and I hate short CC's because they take a lot of maintenance and don't pay well. If I am going to lose upside on a stock I want to have a good profit under my belt in the process. I have some September and October CC's on tech equipment stocks which I think are safe. I have a long CC on nvls which I am going to roll out for a $5 net premium and a $10 increase in the strike price as the outstanding CC has gone barely into the money. I will do this today. I have some 90 strike long amat calls which I am going to let time decay some more as we are a long way from 90 right now. Incidently, I got $14 for those when I wrote them. I would pay $2 to buy them back.

To: Amy J who wrote (140055)	7/25/2001 10:11:09 AM
From: Elmer	Read Replies (1) \| Respond to of 186894

I had been betting on INTC remaining relatively flat or down, but I tend to believe it is time to change strategies on CCs a bit and be more careful moving forward. Are you sensing this too? What are you doing or planning on doing? I don't want to have INTC called away. I am short August $30s. I am not worried about being called away because I can always roll out. Keep an eye on the premium. As long as it's more profitable to sell the premium, it's very unlikely anyone would exercise it. EP