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To: skinowski who wrote (63688)1/14/2003 11:28:44 AM
From: Paul Shread  Read Replies (1) | Respond to of 209892
 
With calls outnumbering puts 2-1 at INTC 17.50, I have to wonder if it isn't worth a few puts here. Heck, they're 60 bucks a contract, plus trading fees.



To: skinowski who wrote (63688)1/14/2003 2:05:39 PM
From: Perspective  Read Replies (1) | Respond to of 209892
 
Yes, the past week has probably been a B/2 to correct the impulse off 12/31. My only question is if it needs a little push down to wrap it up.

I think we'll be substantially higher a week from now. From an index point of view, we could be in the handle of a cup and handle.

Either way, a break to new highs should be a third wave under that scenario, and the push should be unmistakeable. If it is lethargic, we're just in an ED.

BC