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


To: T L Comiskey who wrote (71438)10/12/1998 10:47:00 AM
From: JH  Respond to of 176387
 
Sold 30 covered calls (Oct DELL 57-1/2s) @2 against my shares purchased at $49-7/16. Happy to sell underlying at an effective price of $59-1/2, given five days until expiration at an IV of 82%.

Volume is stalling (buying support drying up?) so we may be filling the gap.

May consider buying some puts here with the proceeds from the call sale - the Oct DELL 55put is a candidate at 1-1/2 or better.