Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: techtfh who wrote (164585)	4/5/2001 12:12:24 PM
From: hlsjones	Read Replies (2) \| Respond to of 176387

CC/Dell Yes - I write contracts to cover my entire core positions, not only in Dell but also XOM, RDC, MSFT et al. You can make some tremendous plays short term also. I did one last week on Dell 03-10.00 leaps/May 27.50 calls. Worst case this is about 9.5 % cash over cash in 7 weeks (not called)and best case a little over 12% (called out). Not bad for the time frame and I really don't care if I'm not called and wind up keeping the 03-10s to write calls every month for the next 20 months. I usually get 1.25 or 1.375 for the monthly calls. Great return and in about 9 or 10 months I have nothing in the LEAPS but I still own them (at 10.00 net for Dell) to keep playing them or just sell them outright. I'm making CCs my major play and I average about 6-10% a month in these current down markets. In runs like the last couple of years, 15-20% per month is very doable. I've tried to get this board excited about this a couple of times but not much interest came back. I guess a 5-10% per month in a down market just ain't good enough for most folks. So if you want to discuss this at greater length contact me directly. HJ