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

To: TTOSBT who wrote (56481)	6/1/1998 6:22:00 AM
From: Francis Chow	Respond to of 186894

<I do not quiet understand. Wouldn't Intel have to wait until the shares are PUT to them by the option holders? I gather you are saying the $80 strikes will PUT their shares to Intel if/when the price breaks down to low 60s correct?> I'm not sure I understand either, but I want to. Puts and calls can be exercised at any time, but are usually bought and sold instead. The put writer expects the price to go up. Hence buying stock and writing puts are not a hedge strategy, but are a play on the same side of the coin (bullish). Let's hope Intel is right, else they will lose more money, buying back those puts at a premium.