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

To: kapkan4u who wrote (168959)	8/2/2002 11:24:56 AM
From: Road Walker	Read Replies (1) \| Respond to of 186894

Kap, re: I remember people scoffing at my purchase of INTC $20 put LEAPS when Intel was trading in the mid $30s. Who "scoffed"? re: BTW, the asking price on the QQQ puts is now 15% higher than I paid, he, he, he. And the bid is at your cost ("he, he, he"). But try to sell them back to the the MM, and I would bet he will lower that bid. Since you and he are the only ones interested, you would probably have to chase him. I'm not saying that you won't make money on the trade, I'm just saying it's a low probability trade. Why didn't you hedge closer to the money, with fewer contracts? John