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>The Intel $43-40 would be nice but maybe only a dream.
It closed after hours last night at $48.75
It is available right now at $46.50 down over $2 from 8 pm close.
Some dreams do come true.
BobR has the right idea, I'd look to non-INTC tech LEAPS where option
implieds are in the lower 10% of their annual range.
$43 is the prior breakout high set in January, so it should find initial
support there. I fully expect INTC to break below that level eventually and
allow investors to buy cheaper, in the $32-$35 range in the next 12 months.
That range marks the low end of the trading range that was broken in
January.
>. . a super squeeze?
The Street is long INTC at $55+. Other than individuals there is not much
institutional firepower left. In last night's session not much was block
traded.
Gitanshu
DISC: Long INTC puts.
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