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Technology Stocks : Dell Technologies Inc.
DELL 146.68-1.7%Nov 7 9:30 AM EST
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To: Mohan Marette who wrote (81624)11/20/1998 8:33:00 PM
From: PAL  Read Replies (2) of 176387
 
Hi Mohan:

Today Dell has no more obligation for the around 55,000 contracts of Nov 27.5 which were sold around six months ago. The premium can now be counted as profit on the books. Dell will probably use it to buy back its stock. With less and less outstanding the stage should be ready for another split in February (if the stock reaches the century mark).

This has been a good and profitable day with Dell puts expiring worthless.

Regards,

Paul
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