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Technology Stocks : Dell Technologies Inc.
DELL 119.36-2.7%3:59 PM EST

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To: PAL who wrote (127347)5/20/1999 1:45:00 PM
From: Ian@SI  Read Replies (1) of 176387
 
Paul,

Sorry, I wrote 10 contracts, I used 20 contracts to calculate the premium. While I was posting, the last trade and best ask was $3.

All the same, I'd be very nervous about selling Internut PUTs. I just don't see any way of anticipating the direction of the volatility.

To me, it would be gambling in that I really wouldn't want to own CMGI at $220/share in the first place.

Ian.

Selling 10 DLQRHs puts 40K at risk less about 6K in premiums received.
Selling 2 GCBRDs puts 44K at risk less about 3.7K in premiums received.


should have read

Selling 10 DLQRHs puts 40K at risk less about 3K in premiums received.
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