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

To: freeus who wrote (75934)10/30/1998 6:20:00 PM
From: Byron Xiao  Read Replies (2) | Respond to of 176387
 
Thanks. But if Dell never strikes 70 before 3rd Friday of Dec, instead, it closes at $60 on that day, does the guy who buys my option have to pay $70 to buy my shares?

<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.>


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