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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: Sig who wrote (93152)1/31/1999 1:16:00 PM
From: Sig  Read Replies (2) of 176387
 
Mohan:Re:
Spending money:
Donnies idea of a Harley was very appealing, but am certain the grandkids would demand a ride on it which I consider'not good'(safe)
So will 'go for' my first (used) MBZ SL in the following manner
which prevents losing any Dell stock equity:
1. Sell some Feb 70,75 calls and replace then by buying some Feb 100's and some Mar 100, May 110, Aug 100 calls
2. Sell one or two of the (Mature) Dell leaps and a Msft Leap
and replace them with higher strike Leaps.
Total to sell ,11 calls = $49,064, cost=$12,489, profit= $36,575
Since the 11 new calls will cost about what the old ones did($12k), I will be left with the $36 K to spend. And could also go the Caymans as you suggested.
Sig
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