Replies to post #33950 on Intel Corp (INTC)

[ChipGeek]

If I remember right, you bought those INTC calls right before earnings, and they pretty much became worthless after the earnings report was underwhelming. I thought that was a crazy move at the time, but it obviously worked out in the end.

I think the AMD puts could work out the same way. I expect AMD to be in full-on pumping mode during this earnings announcement, and I think there's a decent chance the market could buy it. So things could get ugly in the short term.

But one catalyst I expect to make noise is the quad-core intro in November. I think we could see some serious mindshare gains, and the media angle will probably start to trumpet all the gains that Intel has made at AMD's expense this year (it's getting to be a pretty long list now).

I'm convinced AMD is a $15 stock. We probably won't get there this year, but I think the journey starts in Q4.

[alaskaman]

Re: Selling Jan 25's

I've been looking at the same thing today and doing 'what if's' in regards to 'selling to open' the 25's against my 20 and 22 1/2's...kind of like buying a debit or bull spread only I already own the 20's and 22 1/2's. Was thinking if I could write or 'sell to open' 181 contracts of the 25's @ $0.40 I'd get around $7,200...just about what I need for the new snow machine I have ordered. Downside would be the max profit I could get for those 20's I bought @ 65 cents would be 5 bucks and max profit for the 22.5's would be $2.50(bought @0.41). Since at this point I'm just hoping to break even on the cost of all my Jan contracts am thinking this might be a way to go.