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

To: Sundar Rajan who wrote (63450)	8/26/1998 8:09:00 PM
From: Dell-icious	Read Replies (1) \| Respond to of 186894

I was just thinking of buying some Oct INTC calls myself. I think INTC has hit a short term bottom; there are reports of a strong earnings report in October, and the stock should move upwards in anticipation. I think the Oct 80s or even 85s might be a more conservative play; though 90s might not be too bad either. Dell-icious

To: Sundar Rajan who wrote (63450)	8/26/1998 8:19:00 PM
From: Diamond Jim	Respond to of 186894

I would wait a bit, Intel was at 92 5/8's when the regular guy(TK) spoke up again. Intel then repeated what it said in its last guidance, that they expected 2nd half to pick up, and that it doing done just that. quote.bloomberg.com jim

To: Sundar Rajan who wrote (63450)	8/26/1998 10:28:00 PM
From: EepOpp	Respond to of 186894

*OTOTOTOT hi sundar, your question is a little too vague. what are your most realistic expectations at the moment ( very bullish, bullish, neutral, bearish, very bearish)? what trading range do you expect for intc? then you can decide what to do. intc would have to move to about 93 1/2ish by october expiration for you to breakeven. it can happen but i'm not clever enough to know myself. but you seem to be expecting intc to hit 87/88 soon. in that case, you could sell sept. 80 puts for about 1 3/4 to 2. Or if you're really aggressive, sell the sept. 85 puts for 4 to 4 1/8. You will make money on them as long as INTC stays above about 79 1/2 on the 80 puts and about 82 1/2 on the 85 puts at expiration. But you will LOSE** money if it goes down below those levels. And if it hits your target by expiration, you can keep the premiums. at that point, you could get a higher price for you Oct. 90 calls and can sell the puts for a profit. i have not mentioned buying options because i'm assuming you don't want to spend any more money. just my 2 cents. i'm learning so please take this with a grain of salt. good luck. WT

To: Sundar Rajan who wrote (63450)	8/26/1998 11:25:00 PM
From: Dale J.	Respond to of 186894

Sundar, I would hold at this point. Oct 90's are highly speculative IMO, but you should be able to get a better price than today. I sold my Jan 70's at 25 when INTC spiked up to 92. Yesterday I bought Oct 85's. If the price continues to drop I will be in buying mode. But when it comes to options you should buy only with a small % of your portfolio. I assume your Oct 90's are not causing you to lose sleep. As far as your stock, I would hold off writing covered calls. Again I think this drop is temporary. All this is JMO of course. Good luck. Dale