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: Dell-icious who wrote (81142)	11/18/1998 3:30:00 PM
From: Don Martini	Read Replies (3) \| Respond to of 176387

Am short 50 puts for $32,950 collected in premiums, Dell-icious. 40 expire by 12/18. Worst case: I get to own 5,000 shares of hot stock for average of $51, 14% under today's price. See: biz.yahoo.com Suppose stock is 50 on 12/18: Then can sell the April 50 calls @ about $13, reducing my parity to $37 on a stock that's now $59. Or, I can sell the stock for $1 loss and sell April 50 puts for about $12 and drop my parity to about $38. Seems like I've got $22.00 in downside protection over 31 days! Or I can just roll the puts out for more money. If my insticts are right I just stole $33,000. When you are short puts you have all kinds of choices! Besides, MSPG is an Atlanta company. We kept tellin' y'all the South would rise again! Let's see if it works, Dell-icious, watch MSPG for 4 weeks. Happy investing! Don