March 20th 2006 - INTC

Dykstra picked the October 17.50 Call for INTC Intel Corp.

Option price: $2.90
Stock price: $19.54
Approximate premium: .86-cents

The stock traded to a high of $20.32 on March 21st 2006, a gain of $0.78

If 10 contracts were purchased:
Would the minimum of $1000 been made: No
Maximum gain potential: $780

Dykstra sold the next day on a .60-cent gain per share.

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.