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To: Ben Antanaitis who wrote (64418)9/9/1998 3:07:00 PM
From: Gabriel008  Respond to of 176387
 
Ben, re. Max Pain.

From my limited experience I have always found that the most predictable month to sell naked or covered calls on DELL is the month after earnings. I.E., March, June, September and December.

For the September period, from looking at the open interest on Calls and Puts, the MM's will take the stock to just under $57«. Incidentally, I sold 120 call contracts of the September $57« yesterday at $3 5/8.



To: Ben Antanaitis who wrote (64418)9/9/1998 4:22:00 PM
From: SecularBull  Respond to of 176387
 
Ben, thank you for the info on Max Pain. I'll look tonight.

Regards,

LoD