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Technology Stocks : Dell Technologies Inc.
DELL 133.78-0.1%Nov 14 9:30 AM EST
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To: Walt Corey who wrote (41785)5/13/1998 12:22:00 PM
From: jbn3  Read Replies (1) of 176387
 
Walt,

You can try rolling out. IF you sold June calls, and they are far enough in the money so that you would not have a profit covering them, you can consider the following:

1) Wait until expiration date, so that time premium is minimized.
2) Buy your calls back (cover to close your position), even if at a loss.
3) Immediately sell calls at the same or higher price:

Example, DELL is trading at 110, you cover your position by buying the calls back at 15. Now sell covered calls at the nearest expiration and strike which will give you $15 per share.

If the stock dips, cover. DANGER: The stock (DELL, anyhow) may continue to go up especially if they do announce a split. This will allow you to keep the stock for long-term capital gains purposes, but give you a bit more time to wait for a dip.

You need to do some serious options research and learning. I recommend William Spaulding's home page as a start.

Regards and good trading,

3.
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