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OT - INTC
OT - INTC - Intel just blew past it's 52 week high, crossing
above $54. I still find this scary. Although the all-time high is
different - in 2000, I guess before dot-bomb bubble burst, it had a
high price of $75.81. May we revisit that again.
Probably in my dreams, lol.
Altho the INFN call writing strategy that Jon pointed out
yesterday is pretty sweet - 7% @ $11.50, 5% @ $12, I'm leaning
towards waiting for earnings. I failed to write calls on CIEN last
CC, and the news propelled the stock nicely, at which point I wrote
calls, and a subsequent pullback just let me pocket the premium,
alto it is again up near $26.50, which was the strike in that deal.
But I'm partially blind, as I don't have any detail on how the
quarter should turn out for INFN.
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