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

To: D. Swiss who wrote (153274)	2/8/2000 2:31:00 PM
From: SecularBull	Read Replies (3) \| Respond to of 176387

Hence my near-term bearish (I expect it to go down), and long-term bullish (I want it to get put to me) stance. I'm amazed that this guy doesn't get it, but I guess he's stuck in a one dimensional train of thought. Thanks for helping to enlighten the newbie. Regards, LoF

To: D. Swiss who wrote (153274)	2/8/2000 2:48:00 PM
From: TRCM	Respond to of 176387

D Swiss - RE <<<the stock is closer to a bottom than a top>>> That is exactly what I am saying...SELLING PUTS IS A BULLISH STRATEGY...Please re-read my comments...LoF maintains that selling puts is a near term BEARISH play...Take your example...If I think a stock is bottoming in the mid 30's, currently at 35$, I can sell at the money 35 puts, or perhaps in the money puts (i.e 40's or 42.5's)...as the stock begins to rally, I make the money on my short put sale....This is a very basic concept...Please don't encourage LoF, he's completely out to lunch...If I was bearish short term on a stock, I would sell the calls, or buy puts...The only individual in need of clarification on this matter is LoF... Furthermore LoF....If you actually read D Swiss' post, you would see he agrees with what I am trying to tell you...Look at his comment - "By doing so you are betting the stock will go up from here"...Once again you fail to THINK before you POST...Still an idiot.

To: D. Swiss who wrote (153274)	2/8/2000 3:15:00 PM
From: rudedog	Read Replies (2) \| Respond to of 176387

Drew - you have me confused, as does LoF... I don't see how you can say he is correct let alone 100% correct!!! LoF posted - Put premium has gone into the toilet with expiration so close. The day after the preannouncement would've been a great day to lever-up a position in DELL through selling puts. I am completely confused by this series of posts. I was a BUYER of puts the day before pre-announcement - they have more than doubled since then - hardly "in the toilet"... Likewise - if you thought a stock would tank, why not BUY the puts, then sell after the tank and use the premium to help buy the stock, now at a lower price anyway? I can't see how the strategy LoF proposed works. Here's an example - a few days before the preannounce, several on the thread were convinced it would happen and bought Feb puts at various strikes - 42.5s, 40s, 37.5s... let's say that someone who had no position and wanted to acquire DELL (say 1000 shares) also bought the Feb 40 puts. They pay maybe 1 and change for 100 of the 40s for a total of about $10K. Even if they bought the 1000 shares right now, they would have made $40,000 on those puts, which would nearly pay for the stock they want to buy!! They would essentially get 1000 DELL for $5,000, 5 bucks a share. Now we look at SELLING puts and expecting 1000 shares of the stock to be put to the seller as LoF suggests. The seller in this case gets a $1K premium for 10 contracts but gets the stock put to him at 40 - so he pays $39 for a stock he could buy on the open market for $35... Why is this a smart play? What am I missing here?