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

To: kaka who wrote (165324)	5/11/2001 2:47:03 PM
From: stubba	Respond to of 176387

kaka - if today were expiration friday you could buy back the may 25 puts for about 70 or 75 cents (assuming stock was around $24.40) and turn around and sell the jun 22.5 puts for around $1.10. This would net you about 40 cents and move the strikes for june puts down $2.50. If you did not want to pay the 10-15 cents time premium to buy back the 25 puts next friday. You could always short the number of shares at the close that would be assigned to you and still sell the jun 22.5 puts. I am in similar position as you but I still believe DELL will be over $25 at close on next friday.

To: kaka who wrote (165324)	5/11/2001 6:46:29 PM
From: hlsjones	Respond to of 176387

KaKa That or even roll out a month and stay at the same strike. A month of time alone on Dell should get you about $1.20 to $1.30. If you catch it on the right day you might could buy back, wait a little and then resell at the $22.50s and still get your $1.25 or so. That would be ideal. But, as I said, even if you stay at the same $25 strike just moving a month will get you the time premium. Given that you think the stock will eventually close above $25 on an expiration, just keep riding it till it does. The market will pay you that $1.25 or so per month just to "keep riding that hoss" HJ