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

To: Bruce Ravelson who wrote (66670)	9/22/1998 2:38:00 PM
From: Calvin	Read Replies (2) \| Respond to of 176387

Bruce, This is a good place to start: cboe.com You may also want to subscribe on a trial basis to this newsletter: optioninvestor.com Keep in mind that you'll never go wrong if you invest in DELL. Good luck! Calvin

To: Bruce Ravelson who wrote (66670)	9/22/1998 2:44:00 PM
From: Kayaker	Respond to of 176387

Bruce: Options aren't all that complicated, but IMHO it would be extremely unwise to jump in without reading a good book or two. I think you'll find the subject a bit overwhelming if you are just reading bits and pieces of info from many sources. You can make a lot of money in options, but you can also lose all that you invest. Try the following link. Click on "More info for this book" for each. The first book by MacMillan is supposed to be the "bible" for options traders (I haven't read it). I have the second book by Bittman (a CBOE options course instructor) and highly recommend it. shop.barnesandnoble.com

To: Bruce Ravelson who wrote (66670)	9/22/1998 3:01:00 PM
From: Kayaker	Read Replies (1) \| Respond to of 176387

Bruce: Also, here is a book on LEAPS that I've heard is good. LEAPS are just longer term options. In this volatile market I wouldn't touch regular options, but I love LEAPS. I haven't found it in my local book stores but plan to order it this week. shop.barnesandnoble.com

To: Bruce Ravelson who wrote (66670)	9/22/1998 3:50:00 PM
From: freeus	Read Replies (1) \| Respond to of 176387

how to go about learning? People on this thread are a big help. Also go to the cboe site, lots of good information.(66679 if you havent seen it already) Also there is a hard to read booklet that any brokerage will send you on options, and CBOE will send you a video (I found it helpful) and info free. And you will have to jump in and buy one and watch it to really understand. Make sure its DELL and you'll be fine while you learn. Not calls though, those are for the pros, too short term. Freeus

To: Bruce Ravelson who wrote (66670)	9/23/1998 2:00:00 AM
From: Ken Beal	Read Replies (1) \| Respond to of 176387

How have you gone about learning? Please, please do not go about learning the same way I did. I started out throwing money at options and losing a lot of it. The first good play I did was a straddle (buying a put and a call) on Dell (guess which side went to zero? ;-) and Microsoft (both died, it stayed within the channel). Invested 14K in the whole play, each cost about 3.5K. Three went to basically nothing, but the options expired three days after Dell reported earnings. Ended up with 22K -- up 50% in a month or so! (And if I had put the entire 14K into Dell calls? It would have been 92K. Woulda shoulda coulda...) But the next quarter I lost a lot of money, more than I had made -- options giveth, and options taketh away. Lately things have been good with Dell, and I'm looking forward to November's report. I want to pay off my 1999 Corvette (a very nice piece of machinery -- twice as fast and twice as safe as my old car, 1990 Mustang GT convertible). ;-) What I should have done was read one of Larry McMillan's books on options. A not so bad idea might be to click on Freeus, and read some of her questions and the replies she got, as she just recently learned about options, and bought her first option on Monday. We're all rooting for it to grow into many shares. ;-) Good trading, KenB