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Technology Stocks : Dell Technologies Inc.

DELL 140.63

+1.7%

3:59 PM EST

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To: Jeffry K. Smith who wrote (112005)	3/24/1999 10:40:00 PM
From: edamo	Read Replies (1) of 176387

jeffry...re:your broker's advice on puts.. the night has worn some of us down,,,chuz,pal,and myself...sig still going strong though...perhaps it's a hang over from today's intoxicating session... sell 95 put...buy 90 put...frankly speaking are you just looking for the spread?...let us see,dell common at 38... you get about 57 on the sale and give 52 on the buy...5 difference to your account..if at expiration the underlying is at 70...your sold put is at 25...your bought put is at 20....yep looks like a perverse spread...you get assigned at 95....you assign at 90... now the underlying at 100...your sold put at 0....your bought put at 0 ...by my late night obfuscated calculations...i'd get a new broker...don't think he is doing you any favors... OK GANG I'M VULNERABLE AND STAND TO BE CORRECTED...good luck, ed a. forgive me..i don't even know what level two is....

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