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Technology Stocks : Dell Technologies Inc.

DELL 133.78

-0.1%

Nov 14 9:30 AM EST

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To: freeus who wrote (70009)	10/7/1998 8:24:00 PM
From: nihil	Read Replies (1) of 176387

RE: LEAPS and calls Those November 60's are risky. Either sell them, or sell the same number of November 65's against them to create a spread. If the 60's expire worthless, the 65's will too, and you will have cut your loss a little bit. If a sudden burst puts Dell over 65, you'll make $500 per contract (approximately)but no more. Remember you have to sell if your option is in the money before it expires if you don't want to end up with a long position (or with a spread with both legs in the money both a long and short position) and you claim not to have the margin (but if Dell is > $60 you may have. In you buying and selling, take your time and try to sell a limit order at a tad less than the Ask, or when buying a limit order at a tad more than the Bid. No reason to give away all of the price spread to the MM.

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