February 6th 2006 - INTC

Dykstra picked the July 17.50 Call for INTC Intel Corp.

Option price: $3.90
Stock price: $20.85
Approximate premium: .55-cents

The stock traded to a high of $21.47 on February 14th 2006, a gain of $0.62

If 10 contracts were purchased:
Would the minimum of $1000 been made: No
Maximum gain potential: $620

July 23 Update - The option expired on July 21st and the stock price closed at $17.15, well below the price at the time of the option purchase. The option value never gained $1.00 to make the $1000 target.