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

To: freeus who wrote (69494)	10/6/1998 10:37:00 AM
From: SecularBull	Respond to of 176387

I did not "cover", but in reality I am covered anyway with the Jan 55 calls I bought to cover myself on the upside. I make money as long as DELL is out of the spread ($66-$49) on 12/31 or when I close out both positions. I do watch the market throughout the day, but not always--like yesterday, when the stock dipped to 56 1/2. If I had been watching, I might have tried to make a quick trade on my short. Oh well.... The real purpose of the hedge is to let it ride until something drastic happens; not trade everyday. Regards, LoD