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Politics : Ask Michael Burke

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To: jim kelley who wrote (41620)12/30/1998 10:17:00 PM
From: Knighty Tin  Read Replies (1) of 132070
 
Jim, I have never heard of them doing synthetic long stock, buying the call along with the short put. However, check the option prices before you make such a silly statement. Calls on trading sardines cost more than puts at the same strike price. So, of course, synthetic stock would cost Dell extra for their stock buys. I think the shareholders and directors would be interested in learning that they are throwing shareholder money away buying synthetic stock. If that is what they are doing, no wonder they just talk about the short puts. <G>

Jim, you are trying to turn this sow's ear into a silk purse. But it still oinks.

MB
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