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Technology Stocks : Dell Technologies Inc.

DELL 117.19

+3.5%

Jan 22 3:59 PM EST

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To: Khan who wrote (50041)	7/7/1998 7:02:00 PM
From: Mike Allen	Read Replies (1) of 176387

Playing DELL options. I buy calls that don't cost a lot to play when the stock is down several dollars from it's all time high. Say, like, Nov. 120 options when it was 79-80 bucks. They were then trading at around 3.5 dollars a contract. (100 shares) What I do then is sell the contracts when the stock runs up during an options expiration week a couple of months before they expire. You can often double your money. But you can't be greedy and hold because they can quickly fall. Another play I like are the Y2K leaps. Buying 70 or so strikes for Jan. 2000 for a reasonable premium gives you plenty of time to make money next year when the computer stocks go nuts for Y2K upgrades. Bottom line....When Dell is down and you think it's at it's low, buy out 6 or so months at a high strike for low premium and then sell the option early enough at a peak price that someone will buy them because they still have time to gamble with too. If it falls back buy more call contracts. Also average into your option position. Good luck.

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