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Technology Stocks : Dell Technologies Inc.

DELL 138.94

0.0%

Dec 5 9:30 AM EST

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To: taxman who wrote (120238)	4/23/1999 10:11:00 AM
From: edamo	Read Replies (3) of 176387

taxman...re selling dell puts in 50's did exactly that..sold may 55....decided to lock in a longer position, closed the may...rolled to 01...took short term tax loss on may close...added 9 per contract premium to my cash account...i've locked down all my puts in main account to 01 expiration...downside risk no more than strike less premium which is less than long the stock at time you sell put..actually conservative... i'm starting what i call an "unportfolio"...not wanting to hold any stock...will fund new account with 30k...use full service broker..worst commission case, and sell short term puts..if assigned will sell call against long with intent to be called away..don't want to own any long more than a month...look to earn 30% per annum(i know..loss of opportunity in such great times...but this is a good/bad time strategy with no risk of margin)...but feel in up market can do 7-10% per month with little or no risk...it's a money market replacement for cash....

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