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

To: MONACO who wrote (42900)	12/19/1997 6:32:00 PM
From: xstuckey	Read Replies (3) \| Respond to of 186894

Hi MONACO, There were over 30,000 Intel $70 put options still open this afternoon. With the stock at $68.50 to $69, I know what I would have done if I had owned some of these puts. I would have bought shares to put to the sellers of the options at the close. And I would have kept on buying all the way to $70, and not one cent more. Could this explain the tech rally? I'm not sure, but it certainly would have been more impressive had it not come on option expiration day. Best Trading, X