The LEAPS Option Trader
105 W. Monument Street
Baltimore, MD 21201
Friday, December 3, 2004
Email – #216
** Intel Update
Intel (Nasdaq: INTC) reported last night that its earnings and revenues are running ahead of plan. That’s great news for Intel shareholders. The stock looks to open more than 8% higher today. Of course, what is great news for Intel shareholders is EVEN BETTER news for Intel LEAPS holders like us.
Our Intel spread cost us $0.35 and was worth $1 yesterday. Today, it is worth $1.30. So, the 8% move in Intel added another 85% to our position. More importantly, it sets the stage for a strong move in Intel shares in the months ahead in anticipation of higher earnings. That bodes well for us. If Intel reaches $26 or $27 in the coming months, we will take profits of almost 500% or more on this position.
Regards,
Karim Rahemtulla
Bio:
Karim Rahemtulla is the former Investment Director of The Oxford Club. The editor of The Smart Options E-Report, The Income Trader – A Covered Call Strategy and The LEAPS Option Trader, Karim is also a regular contributor to The Oxford Club Communiqué. His highly successful trading systems use covered calls and LEAPS to boost returns on blue chip stocks, and during the bear markets of 2000 and 2001, his picks outperformed the major market averages. Educated in England, Canada and the U.S. and fluent in several languages, Karim travels the world to find the best investment opportunities for our members.
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