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Technology Stocks : Dell Technologies Inc.

DELL 135.98

+3.0%

Dec 2 3:59 PM EST

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To: Dennis who wrote (62066)	8/29/1998 9:01:00 PM
From: Don Martini	Read Replies (4) of 176387

Hi, Dennis! Generally Dell sells off after the split and stays down for a couple of months, establishing a base from which it climbs. If this repeats Dell is available at a discount, can be bought FOR LESS than the current price: $118.75 October 120 Put: 11.00 The strategy: Play with the other guy's money! Sell the Put [100 shares @ 11.00] for $1,100/contract. If the stock drops below 120 it is assigned to the seller, who gets the shares for $109.00 [120 Strike price less 11.00 premium] If its 120+ on X-day the seller keeps the premium, free! Seller also gets to watch the market for 7 weeks before writing a big check. If Dell drops to $100 he can roll the puts out for another 6 months to 2 years and bring in more premium money. A roll-out is when you buy the expiring option and simultaneously sell one longer in the future. I think Dell may be influenced by negative market sentiments, so I sold 20 Sep 115 Puts Friday and brought in $12,000. If Dell is 115+ three weeks from Friday [expiration day] I keep the 12K and sell some more puts. Pull up CBOE and print out the DELL option schedules to study. Other 120 Put prices: November 13.50 January 16.75 February 20.00 Jan 2000 28.00 Jan 2001 36.50 THIS IS THE CHEAPEST WAY TO BUY STOCKS. Hope this helps, Dennis. Best wishes! Don Martini

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