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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: StockOperator who wrote (10982)	4/14/1999 12:29:00 PM
From: Gersh Avery	Respond to of 99985

Hi SO OT Reason that I mentioned it is because of the patterns that I've seen INTC go through in the past around earnings. As I mentioned to Patrick yesterday the pattern is to run it up before earnings, drop it down the next AM and bring it in for a landing within ~1/16 of some option strike. The stock had been trading above the "point of max pain" ( ez-pnf.com ) which for INTC is ~60. The typical pattern is to drop it below the end point (shake out the call holders) then bring it over (shake out the put holders) then bring it on in for the landing. All the while selling both calls and puts at the ending point. At the time that I posted to you that 60 strike price call was selling for 1/2. I am expecting to see a bid of 1 within the next few trading hours .. perhaps minuets. FWIW Gersh