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To: Elmer who wrote (63037)8/21/1998 3:49:00 PM
From: Ibexx  Read Replies (1) | Respond to of 186894
 
ELmer,

I would play it by the ear. The macro environment is so hard to predict, and there are too many wild cards out there.

I also sold DELL puts, betting on the split factor as well as fundamental/technical considerations.

Regards,
Ibexx



To: Elmer who wrote (63037)8/21/1998 8:42:00 PM
From: John O'Neill  Read Replies (1) | Respond to of 186894
 
>>sold INQMQ at $8<<
I'm expecting INTC to test the $65 level before Jan next year. Whether the options expires or are exercised will depend on Ibexx holding em till Jan & if the stock is back to $85 by then. I'm not just picking on INTC, but all nifty fifty equities. $8 is a good premium to get for a long term INTC holder, even if they are covered at a higher price.

JO


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