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

To: Bruce Ravelson who wrote (67014)	9/23/1998 7:24:00 PM
From: john krom	Read Replies (2) \| Respond to of 176387

Are there any Covered call writers here ??? I wrote some DELL Oct 65 contracts today @2 3/4. Did this last year several times and it was quite profitable. However.. with next Tues. Fed meeting...and the pending interest rate cut.. Iam a little nervous this time out. But Ive been watching DELL for awhile and feel that DELL should reach a new high in the next couple of days then it should back off and test the 59-60 area once again.With the history of the markets in Oct. I feel that it would be a safe bet that DELL should not close above 65 on expiration day.If not I shall buy back and lick my wounds. Long on DELL but feel there is some room here for some quick profits short term..Any comments are welcome...Thanks