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Technology Stocks : Dell Technologies Inc.
DELL 127.43+4.0%3:23 PM EST
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To: Uncle Frank who wrote (83375)12/3/1998 1:44:00 AM
From: Don Martini  Read Replies (2) of 176387
 
Uncle Frank, Here's strategy #2: Start with 100 shares at $66

Sell both the May put and call [a straddle] for $22 total premium.
Net cost $44, profit $22 = 50% in 5 1/2 months = $109% annual rate

OR REACH OUT AND SELL LEAPS:
Sell 2001 January 80 straddle for $48
Net cost of positions is $14, profit in 25 months = 571%

If Dell drops: keep the stock and roll out the puts for additional revenue.

Not too complicated, but very profitable!

Don
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