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

To: Ally who wrote (34957)	3/20/1998 4:21:00 PM
From: Mark Sanders	Read Replies (1) \| Respond to of 176387

Denise, If, a week before expiration, the stock is at 64 and I've sold the 62.5 PUTs, the premium for the PUTs may be a bit high for you to buy them back (although it will be much lower than the week before). I bought by MAR 62.5 PUTs back at 5/8 on Wednesday (I had sold them, pre-split, for 4 3/8 two weeks earlier). Today, as expected, DELL closed almost exactly at the strike price (62 7/16). Hence, if I had not bought my PUTs back, I would likely have been assigned the stock at 62 1/2 on Monday. Mark

To: Ally who wrote (34957)	3/20/1998 4:56:00 PM
From: SecularBull	Respond to of 176387

Denise, don't forget to consider open interest on the up and downside. As it stood today, interest was about even (last I checked), and the stock didn't move very much before expiration. If there are a bunch more people who have sold short (sold calls), it tends to drive the price up as they cover if the current price is above their strike. Likewise, if people sold puts above the current price, they're in trouble too, and have to cover.