Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: nihil who wrote (75754)	10/30/1998 5:53:00 AM
From: tsyl	Respond to of 176387

If a stock is expected to drop in price, selling naked (scary) CALLS would be the correct move if you were so inclined. The "investor" selling puts must be mistaken. T S

To: nihil who wrote (75754)	10/30/1998 10:54:00 AM
From: larry	Read Replies (1) \| Respond to of 176387

Nihil, As I mentioned in my previous posts, I sold 200 contracts of DELL naked puts the day Nasdaq tested its low at 1350. And also sold about the same amount when DELL went from mid 50s to high 40s. Since then I have closed more than 3/4 of all my positions and all I have left in my account are DELL Jan. and Feb. 40 puts which I am willing to let them expire worthless. I am considering selling some more to take advantage of the famous DELL earning rally. It looks for sure that DELL will make a new high and most likely test 75 within the next 4 weeks. After that, who knows. good luck, larry!