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Technology Stocks : Dell Technologies Inc.

DELL 119.67

+0.8%

3:59 PM EST

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To: steve barneke who wrote (83197)	12/1/1998 10:26:00 PM
From: Sig	Read Replies (1) of 176387

<<<i havent posted for a long time but still reading. i bought a few leaps in oct and nov. what I wanted to know is can i hold them up to jan 2000 or if they go to high(in the money) will they make me sell or buy the shares. >>> Nobody but you can decide what to do with the call/leap. They can't make you buy or sell stock ever. The most it will ever cost you is what you paid for the call. You must tell the broker what to do with it on or before options expiration date in Jan2000 because if you don't exercise it on that date (you can sell the call, or buy the stock at the strike price) then you lose the call. If you don't let them know by expiration Friday, they will still give you Monday to buy the stock for the strike price, but you cannot sell the call as you could have on Friday. Between now and Jan 2000 you can sell the call at any time, I do that now and then to get money spend. For example I have a Jan 35 which cost $5, now is $30 ( it was called a leap when I bought it in 1997). So today I could sell that and get $3000,buy a Dell 2001 80 Leap at $17, have 1300 to spend, and still retain an interest in 100 shares Dell. I think its called "rolling out" a call So just hope your calls go up in value and if Dell looks like its getting too high in price (like at earnings time)Hehe, you may wish to sell it and take profits rather than keep it. But they seem to look much better as the months go by.. Regards Sig

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