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Technology Stocks : Dell Technologies Inc.

DELL 122.55

+4.4%

Nov 21 9:30 AM EST

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To: Joe Sabatini who wrote (67028)	9/23/1998 11:39:00 PM
From: Dr. David Gleitman	Read Replies (3) of 176387

Please help me clear up some confusion with regards to covered calls. If I am sitting on 5,000 shares and wish to make them available in the form of Oct 70's. I can write for 50 contracts which according to the chart from CBOE the net is 3/4. Does this mean that I will be paid up front 0.75 x 50 (as per contract) or 0.75 x 5000 (as per share)? David

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