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

To: arthur pritchard who wrote (82782)	11/29/1998 9:08:00 PM
From: Sig	Read Replies (1) \| Respond to of 176387

OTOT Re options <<<Wish I could understand your dealings in the options world! Too bad I have to stick to stocks!>>>> In May of 1997 Pat McDaniel said he thought I could handle options and William explained some of the hazards. Despite knowing that one can only lose the cost of a call, I was always suspicious of that because the broker demanded that I have a minimum of $50,000 to deal with options. So it took a few months of buying options to be ABSOLUTELY assured that the cost of the call was all a person could lose. As other thread members said, it also took many months to get a feel for how options behave. One hazard of owning options is that they keep a person glued to the screen day after day. That can be avoided by playing Leaps which mature a year or so out. I doubt I have bought more than 4 options at a time, yet the proceeds are over 100K in a year. And they add spice to investing. Thanks to Venkie's comments, I have owned 3 calls on Onsl for few days which is plus $10k and overrides the $2 drop in Dell. Summary: Options are risky but provide great leverage for a stock that rises consistently like Dell SES