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Technology Stocks : Dell Technologies Inc.
DELL 133.35+0.1%Nov 28 9:30 AM EST
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To: Eric S. who wrote (19458)10/28/1997 11:25:00 AM
From: Sig  Read Replies (3) of 176387
 
Eric:
Sorry I cannot say much useful, Steve and Hank seem
experienced in that field, perhaps will answer your question.
After three recent trashings of the Dow, I decided to invest
a portion of Dell profits( perhaps 5%) in protective puts.
The puts I bought this morning were for Nov and Feb, and the
Nov. value has perhaps after only one hour vanished
That is, on 1000 shares the cost would be 10 puts at 1/2
for Nov - @ $600 . But the stock is now up $8, or $8000
So the insurance would have come into play at around $70
if the stock had gone that low.
And of course, it is only good until November 22
What I do not know is how to use puts to provide continous
protection, that is, as to whether one shuld buy the longer
term ones, which happen to get very expensive.
Sig
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