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Technology Stocks : Dell Technologies Inc.

DELL 140.01

+0.8%

10:32 AM EST

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To: LWolf who wrote (109602)	3/15/1999 11:28:00 PM
From: freeus	Read Replies (1) of 176387

Mulling over my rollout spread today: Aside from the education (now I know what it is)... I exchanged a sure gain (assuming NITE closes Friday above 50, which it will) of $2625 for a maybe gain of $4125 next month minus about $150 extra commissions. Or the chance (if the shares are not taken away in April ) to hold NITE longer for a maybe larger gain. So was it worth it? I'm not sure (aside from the education of course.) This is what I did: I didnt like how NITE was performing: it seemed to be underperforming the brokerage sector. So I wrote covered calls for March at 50 giving myself about a 20% gain for six weeks. Then NITE began to perform like the other brokerage firms and even made up ground. So I bought those calls back, at a loss of a few cents, and sold April 60 to give me a chance to have the shares called away $10 higher (but not making anything on the calls, essentially ending up a couple of hundred dollars poorer.) This is a rollout spread and the evening opionions of it are at the beginning of this post. Freeus

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