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

To: Craig Lieberman who wrote (149977)	12/29/1999 6:55:00 PM
From: Marq Spencer	Respond to of 176387

Craig, I've usually set up Leap bull straddles on Dell. For example, over a year ago I went long Jan 2000 40 calls and short Jan 2000 42.5 calls (they were 80 and 85 back then :). I paid very little for the spread. Similarly, I'm long Jan 2001 50 calls and short Jan 2001 55 calls. I usually do out-of-the-money setups. The net cost for the straddle is quite low, especially if you time the legs (buying the call earlier on an upswing of stock). Then just wait for the money to roll in :). - Marq