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Technology Stocks : Gateway (GTW)

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To: MrktTrakr who wrote (6571)8/26/1998 10:19:00 AM
From: Shawn M. Downey  Read Replies (2) of 8002
 
I just calculated the September 98 max-pain for GTW and came out with a range of 40-45. This is good since I am short SEP50 calls (these are covered calls btw).

Would anyone like to confirm this?

I am trying to decide if I should buy back the 50's, let the stock get called away, or hope for a worthless expiration. The SEPT50C is still about a point away from parity so there is no hurry.

For what it is worth, DELL's August max-pain was 95 and it closed at 117 and change (I think).
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