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

To: Kayaker who wrote (72866)	10/18/1998 11:43:00 PM
From: Ken Beal	Read Replies (2) \| Respond to of 176387

Hi Bob, "The CBOE statistics indicate that approximately 35% of option contracts expire worthless." So this refutes the argument that you're better off being an option writer. I've heard that argument (with 80%, 90% -- but never as high as 95%) so many times I believed it. Thank you VERY much for the data. The other data point is the money I've made BUYING Dell calls. <VBG> I try to help when I can, too -- especially when I get hoax emails. I point them at kumite.com, urbanlegends.com, and snopes.com. And I ask the person who sent it to please send it "upstream" to the person who sent it to him, and ask of him the same (ad nauseum). Hopefully this will help some threaders, if you happen to receive a hoax email. Cheers, KenB

To: Kayaker who wrote (72866)	10/19/1998 9:23:00 AM
From: Eddie Kim	Read Replies (5) \| Respond to of 176387

35% I find that very hard to believe. Furthermore I would not "trust" CBOE since they want it to make it sound like the majority of people make money with their options. Just take a look at October options with DELL the majority of open interest were at 57.5 and at 60. Probably at least 50% were at these two strike prices and they expired worthless for call holders (put open interest was a small fraction of the volume).