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Technology Stocks : Dell Technologies Inc. -- Ignore unavailable to you. Want to Upgrade?

To: Tom K. who wrote (140585)	8/25/1999 10:59:00 PM
From: edamo	Respond to of 176387

tom...repeat "no short term stock positions" no clintonesque semantics...i hold the underlying common stock long term...trade the derivitives of the underlying....major difference........appreciation of underlying builds capacity to sell leap puts, premiums from leap puts finance purchase of underlying, and then in time the cycle repeats....do sell puts on a monthly basis for cash flow....but if put, the assigned underlying becomes part of the inventory which adds capacity...no smoke, no mirrors, and most of all no margin.....at the present sold covered calls for jan expiration on most of my long positions at about 30% over early august low price...may allow to be called if market is sloppy, if market strong can cover leap puts sold early this year, as strikes of calls and puts identical, sell further out higher strike puts and cover calls...nothing exotic.......and "perception" makes sense as over the past years the liquidity and trading is driven by same...kinda of a modified buffett approach...hold long, but milk them for max return, up or down market...