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Technology Stocks : Dell Technologies Inc.

DELL 122.70

+0.2%

3:59 PM EST

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To: SecularBull who wrote (112023)	3/25/1999 2:16:00 AM
From: Don Martini	Read Replies (2) of 176387

Hi LONG! You're not really locked in, can close any time. In January I sold Leap puts on a stock which has jumped. At this point I can close & take about half the premiums but this would be poor tax and trading strategy. Maintenance reqt is very low, 10%, too. I only sell Leap puts if it appears to be a sure thing, because you can't roll out a 2001 and I like that remedy available in case the stock heads south. On shorter term puts I'm likely to close when most of the money is out of them because the stock may change it's mind & wipe me out. Don

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