Dell Technologies Inc. Message Board

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Technology Stocks : Dell Technologies Inc.

DELL 126.59

+0.1%

Dec 22 3:59 PM EST

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To: Chuzzlewit who wrote (75917)	10/30/1998 5:27:00 PM
From: Byron Xiao	Read Replies (4) of 176387

I have a question for everyone: I have a small position in DELL, bought 500 shares at 42 3/8 in May. Someone told me in another thread to sell covered call on these shares. Can you guys tell me is that a good idea or not? I am thinking about selling the Dec 70 calls. But I don't know where to find the price for that and whether my broker, Datek Online lets me sell only 5 contracts? As you can see, I am still not clear on options trading. Suppose DELL reaches 70 before the 3rd Friday of Dec, I get a call. Suppose I sell the Dec 70 options at $2 now, does that mean that my actual selling price is $72? What if I decide to keep the stocks when the $70 price strikes? Do I have to pay anything? Thanks.

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