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Technology Stocks : Dell Technologies Inc.

DELL 140.63

+1.7%

3:59 PM EST

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To: stockster who wrote (109576)	3/15/1999 5:30:00 PM
From: freeus	Read Replies (2) of 176387

HI welcome to options. I dont think there is much you can do with your March calls. But just for a tip, next time buy calls for an earnings month: February, May, August and November. November this year is very chancy though. Usually DELL has a run up before earnings and if you watch your calls you can sell for a profit just before earnings. What I did is a little difference. I had SOLD covered calls on the stock I had and was expecting the buyer to take away my shares at the strike price ($50). But the stock began moving strongly so I decided I didnt want to let it go that cheap...wanted more for it. So I bought back the covered call (which would have been a nice one for someone to BUY when I sold because it was up 250%) and at the same time sold the Aprils for $6.25 but for a higher strike price (60). This time if someone takes away my shares I'll have a 33% profit in 10 weeks which is not bad, not bad at all. If NITE (the stock in question) starts back down and goes below 54 I made a mistake and should have let it be called (short term anyway. long term analysts just upgraded its expected price to 75). If NITE closes in April on expiration day at 60+ it gets called away from me but it it closes below that I keep it (and have broken even because of my first covered call sell that resulted in a loss when I bought it back). If NITE closes in April at 75 or wherever then I have made my profit but at the expense of a bigger profit had I held. Anyway I did a rollout spread which has to be done with a broker because you tell the broker what spread is acceptable to you and they do both trades at the same time, or none at all. Freeus Hope this helps.

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