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

To: PAL who wrote (43981)	5/20/1998 10:11:00 PM
From: Sig	Read Replies (1) \| Respond to of 176387

Pal: Re 25,000 puts ( actually many more) <<<<Anyone see this in WSJ on Dell puts today?>>> The only argument I see for that purchase is for insurance against a total disaster. For example , someone who had 200k shares in 1996 now has 1.6 mil worth 145 mil. Spends $5 mil on insurance when he is up way over 100 mil. I think Dell would be very happy to sell those puts. The somewhat higher strike prices appear to be a much better bargain, but the 55 was the cheapest put available, and he is not protecting against minor tankage, its life insurance. Anyone "buying" this??(hehehehe) Sig