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

To: William C. Spaulding who wrote (19938)	10/30/1997 2:07:00 PM
From: Annette M.	Read Replies (1) \| Respond to of 176387

William, just curious--do you have a guess on how "steep" this potential drop might be?

To: William C. Spaulding who wrote (19938)	10/30/1997 3:42:00 PM
From: Sig	Respond to of 176387

William: In regard to your limit $ 1/2 Dell options, I have plotted the Dell 95 option price vs stock price for the past 5 days. It appears that Dell would have to drop below 70 to get the 95's although a market quirk or fast sell-off might get them. I hope you get them, but I am planning to also include orders at a bit higher price , say around $ 1, as the minimun price I saw yet was $1 7/8. BTW, the 15 Dell puts I bought a few days ago to set a floor under Dell profits have doubled in value. Being new to puts I really don't quite know what to do with them, but they are doing the planned job of off-setting some paper stock losses, so guess I will keep them until the air clears up a bit. Sig r