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

To: freeus who wrote (81367)	11/19/1998 4:23:00 PM
From: Lee	Read Replies (4) \| Respond to of 176387

Hi Lynn,..Re:. Dell is now staying solidly in the 63-65 range. It looks to me (but I might be reading the table wrong) that the 65 strike price is the most owned for Nov. An easier way to see the outstanding OI is to look at the CBOE website. cboe.pcquote.com Looks like the Nov 70 calls and the Nov 55 puts have the highest OI. You can't really distinguish most bought like your comment it also looks to me like the 57 1/2 strike price is the most bought for Dec. because people could also have sold calls. Bought or sold calls still show up as a 'call' transaction so you can only determine from the OI the most popular call or put. Also, Dell options shown at fast.quote.com Hope this helps, Lee

To: freeus who wrote (81367)	11/19/1998 4:31:00 PM
From: BGR	Read Replies (2) \| Respond to of 176387

Freeus, In the short term, derivative prices do influence the underlying asset, mostly because they often get used as a proxy for the underlying. But in the long run, asset prices follow fundamentals and are independent of derivative prices. So keep in mind that following derivative prices to determine probable asset prices is like following TA and is very dangerous to anyone's financial health IMO. This is not to say that one may not make money trading derivatives. Assuming interest rates to be constant, the two other factors influencing derivative prices are asset volatility and time. One may make money (over time and on average) selling either or both as insurers do. But that is a very risky game. -Apratim.

To: freeus who wrote (81367)	11/19/1998 4:42:00 PM
From: jim kelley	Read Replies (3) \| Respond to of 176387

Freeus, DELL appears to be consolidating with reduced volatility. This appears to be due to the momentum players moving to other stocks. My view is that this is healthy for DELL and DELL stockholders. Expectations should follow the projected growth rates of DELL. Momentum players tend to exagerate the price movement of a stock. DELL options costs are now returning to a more normal level. This is healthy. I suspect that barring another external shock to the market that DELL price will begin to follow its projected growth rates. Regards, Jim Kelley