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Technology Stocks : Dell Technologies Inc.

DELL 133.35

+0.1%

Nov 28 9:30 AM EST

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To: Mark Peterson CPA who wrote (91027)	1/24/1999 1:46:00 PM
From: Chuzzlewit	Read Replies (1) of 176387

Mark, I think you're comparing apples and oranges. If you sell the naked put as a surrogate for a limit order you must be ahead because you received a premium for the option. The issue is not, as you seem to think, what you could have bought the stock for, but rather, what you would have bought the stock for using a limit order. I strongly agree with your comments about hedging however. With the exception of the situation outlined by Bob, playing a naked options game is pure gambling IMO. TTFN, CTC

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