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Technology Stocks : Gateway (GTW) -- Ignore unavailable to you. Want to Upgrade?

To: MrktTrakr who wrote (6571)	8/26/1998 10:19:00 AM
From: Shawn M. Downey	Read Replies (2) \| Respond to of 8002

I just calculated the September 98 max-pain for GTW and came out with a range of 40-45. This is good since I am short SEP50 calls (these are covered calls btw). Would anyone like to confirm this? I am trying to decide if I should buy back the 50's, let the stock get called away, or hope for a worthless expiration. The SEPT50C is still about a point away from parity so there is no hurry. For what it is worth, DELL's August max-pain was 95 and it closed at 117 and change (I think).