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Technology Stocks : Dell Technologies Inc.

DELL 134.08

-1.4%

10:33 AM EST

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To: W.B. Michaels who wrote (137495)	7/26/1999 2:57:00 PM
From: rudedog	Read Replies (1) of 176387

wbm - I sold covered calls on some of my position several times this spring. I used as a guideline the notion that if I was called I would be OK with the sale price, so I sold some 50's when we had gone from 47 to 45, sold some 47's at 43, etc. As it turned out, that was just free money. I only exposed about 1/3 of my position as I still am not too comfortable with my "gut feel" on options. On the other hand, a friend did the same thing last year and got called on 10,000 shares just as we were spiking up - that's the downside I guess.

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