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

To: Dave who wrote (56029)5/23/1998 11:07:00 AM
From: carl a. mehr  Read Replies (2) | Respond to of 186894
 
Erwin,
RE:>>>... people who sold those naked 75 puts have to cover, ....<<<<

I am not trying to be picky, but all puts are sold naked. The idea is that when you sell puts, you better be prepared to buy the shares or cover.

Am I missing something?
humble carl



To: Dave who wrote (56029)5/24/1998 2:09:00 AM
From: Erwin  Respond to of 186894
 
I can understand you going to bat for Intel; however, I am the other side of the coin and I am short Intel. To me, Intel puts available at the money are as good as money. They provide a very reasonable leverage with the current market feeling surrounding the entire semi sector. If you line all of the semi's up and take a look at them they are close to the bottom of the barrel. Intel still has room to drop and God willing and the creek don't rise - drop they will.

Erwin


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