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


To: divvie who wrote (77443)11/10/1998 12:58:00 AM
From: Don Martini  Read Replies (1) | Respond to of 176387
 
Consider this superbull combo: Sell the 75 put @ $7 and buy the 70 call @ $3.25.
Dell has to jump because of the short squeeze, should be good for 5 points or more by Thursday AM.

Thursday I can buy back the put which will probably be $3 or roll it out to a January and make more money.

Then can close the call, or half the position.

Return should be $3 or more on each side. The puts pay for the calls.

In my case: I'll probably hold the positions into next week. Methinks we're in for a sweet surprise. If DELL is $78+ Monday the puts will cost about a buck to close.

Happy investing, Divvie, and best wishes!

Don