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Technology Stocks : Dell Technologies Inc.
DELL 125.99-0.3%10:50 AM EST
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To: Joseph Francis Torti who wrote (48118)6/18/1998 3:09:00 PM
From: jbn3  Read Replies (2) of 176387
 
Joseph,

JMHO, but it has been my *painful* experience which taught me never to sell DELL calls into earnings and annual shareholder's meetings. One can sometimes make a reasonable profit by doing it *immediately* after earnings, if the earnings don't meet expectations. My opinion: don't sell July calls.

Of course, it depends on how big a gambler you are. If the market dips sharply towards the end of the month, you might have a chance to buy them back at a discount. But I am fairly sure that the stock price will be well above 85 at July expiration.

BTW, all Micron did was say that chips are selling at fire sale rates. That helps DELL maintain margins even if ASPs decline. Before I get jumped on: IMO it doesn't matter significantly if DELL uses Micron chips... Micron's competitors are also getting squeezed by the glut, so all chips are cheaper.

Regards, 3.
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