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Technology Stocks : Dell Technologies Inc.
DELL 133.180.0%12:59 PM EST

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To: AlanH who wrote (44492)5/23/1998 7:20:00 PM
From: Sr K  Read Replies (1) of 176387
 
Alan, selling puts against a short position is a covered put.

<<If the Puts were sold against DELL stock >>

You don't sell puts against a long position. Covered calls are against a long position. My point stands. If Dell sold Nov 55's it is not confidence at the 93 level or so of when the position was put on. They would show confidence if they sold maximum time premium and bought minimum time premium. In the money options have less time premium than out of the money. Something like selling 95 or 100 or 105 puts while buying 70, 75 or 80 calls would have sent a different message.
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