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

To: pigfarmer who wrote (83798)	12/5/1998 8:49:00 AM
From: Don Martini	Read Replies (1) \| Respond to of 176387

Hi, Neighbor! The 65 calls will be covered by some 60s for which I paid $7.75. If Dell closes at $70 the 65C shorted for $4, will be a loser. To cover the loss I can sell Jan or Feb puts; keep the profit on the long 60C and short 65P. Economics would be: -1 on 65C +3 on 65P +2.25 on 60C +4 on the new put, unless I have to roll it. Total gain $8.25. It's not a rollout in the normal sense, but the moves are the same: buy back one option & sell one further out to fund it. You can do this repeatedly. In a choppy market like this I'm content with quick small gains, get a profit and get out. Been a hard month for this Putfarmer. I didn't get a haircut but it really got blowdried! Best wishes, Pigfarmer! Don