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To: John S. who wrote (13480)11/3/1997 1:17:00 PM
From: IQBAL LATIF  Read Replies (2) | Respond to of 50167
 
April 100 is a great buy- but I will recommend SOX 320 calls for Dec-



To: John S. who wrote (13480)11/3/1997 5:34:00 PM
From: xstuckey  Respond to of 50167
 
" we now going 'long' INTC stock ?" John, I trade the Intel shares because my trading model (TROUBLE) usually switches me from long to short and back several time a month. If I try to trade the options, the difference between the bid and ask severely penalizes me. I strongly feel the "price to play" in Intel options is prohibitive.

Even at the money short term options in Intel typically have 1/2 point or more difference in the bid and ask. Also I find the options frequently illiquid at the time I am placing my trades.

Best Trading, X

P.S. TROUBLE gave a signal this morning to cover my short and go long, which I did. As is frequently the case, I don't trust this signal, but acted on it anyway.