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

To: Byron Xiao who wrote (75932)	10/30/1998 6:11:00 PM
From: freeus	Read Replies (1) \| Respond to of 176387

You will get somewhere between the bid and ask to sell them, somewhere between $4.12 and $4.37 for each share: say you sold them for $4.12, that would be $412 for one contract (one hundred shares) or $2,060 for all five contracts (500 shares.) minus commissions of course. Good luck. Freeus And dont ever sell calls on DELL during an earnings month, right Bachman, Sig, Jerry?

To: Byron Xiao who wrote (75932)	10/31/1998 11:23:00 AM
From: Chuzzlewit	Respond to of 176387

Byron, you always buy at the ask and sell at the bid. Despite what some people will tell you, this is invariably true. You said earlier that you want to deal with covered calls, so ignore the put quotes -- they are irrelevant to you. If you were to write (sell) 5 DLQLN you would receive 5004.125 = $2062.50 less commissions. If you were to buy to close your position, it would cost you: 5004.375 = $2,187.50 plus commissions. The difference between the bid and the asked (1/4 in this case) is called the spread, and is the source of the profits to the market maker who is always on the other side of the transaction. Hope this helps. TTFN, CTC