RE: INTC
Posted by Jack Haddad on December 21, 2007 at 3:50 pm
On 12/17/07, 7 blocks of intc were purchased at 25.76 and 700 DEC strike 25 calls were written at 1/61/contract. After the close my shares will be called away calls will expire for a net gain of .85/share times 70,000 shares.
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Curious how you decide what to write. Do you use a specific software vendor to find rich premiums or do you just look through a certain list of stocks for things like this?
Mike,
I don’t depend on any automated trading software for picks; they have flaws in that they cannot assess risk at hand. You have to program them with the risk so that they can analyze the market. It s for this reason why the LTCM fund collapsed in 1998. The fund was managed by world-renowned economists, noble prize winers in physics and mathmatics. They all failed!!
The market is dynamic and very irrational exuberant. Market sentiment (fear and greed) is best analyzed by a professional who monitors the trading activity on a daily basis and studies the behavior of individual stocks relative to their peers and general market. That is how i choose my picks.