Tuesday, October 17, 2006

Quick Trade Update

Once in a while, I like to gamble. So, here's my latest bet. I picked up Intel (INTC) Oct 20 call contracts (NQJD) at $1.15 today. Intel reports earnings after the bell. I guess we'll see if I make my point or if the stickman clears the table with my hard-earned money. It's a small position, so it's really nothing more than a fun gamble. Then again, maybe it's not so smart to bet against Goldman... they downgraded Intel today ahead of earnings.

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