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Technology Stocks : Dell Technologies Inc.
DELL 133.20+5.7%3:59 PM EST

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To: Joey the MD who wrote (63965)9/7/1998 1:17:00 PM
From: Don Martini  Read Replies (2) of 176387
 
Hi, Joey! How it's done: Sell 2001 130Puts: $41, Buy 130Calls: $38. The puts pay for the calls, plus $3 extra cash.

In 28 months when Dell is 3-400 or more the puts are worthless, and the calls return incredible profits to the buyer.

This is not a recommendation, do not inhale, contains no aspartame.
I'm not a broker, keep away from children.

Short term play: Sell the November 140 straddle for $40. Safety zone is 100-180. If Dell is outside these limits just roll out the bad one and sell another straddle.

Good investing!

Don
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