SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Dell Technologies Inc.
DELL 133.180.0%12:59 PM EST

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: SecularBull who wrote (59885)8/20/1998 4:16:00 PM
From: jhg_in_kc  Read Replies (2) of 176387
 
To all, RE:DELL CALLS <There were tremendous profits to extract from Dell's August 115 calls. Many speculators bought the calls Tuesday on the correct assumption that Dell would issue a strong earnings report after the market's close. Dell shares opened yesterday at 120 13/16, compared with a 109 9/16 close. The calls closed Tuesday at 1 3/8 and opened yesterday at 6 1/4. from todays WSJ>
Can someone explain to me how the trade described above works or refer me to reading source. How long do the calls last before expiring? Why would it be such a tremendous profit if they only go up 5 points? etc. I may try this next quarter, I don't know. THanks
jhg
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext