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

To: BGR who wrote (84784)	12/10/1998 6:34:00 PM
From: gc	Read Replies (3) \| Respond to of 176387

Experts like me would not sell DELL here. It's just about to break out.

To: BGR who wrote (84784)	12/16/1998 12:32:00 AM
From: Don Martini	Read Replies (1) \| Respond to of 176387

Hello, Apratim! Thanks for posting your option considerations. You were thinking of selling Feb 85 puts and covering them with Feb 70s or selling the May 85s naked. Either one looks good to me, altho I'd be more likely to sell the 5/75s. About naked puts, here's the advantage of the short side: I sold 15 MSPG 12/70Ps @ $4 = $5,959 two weeks ago. Bad decision. Yesterday, bot them back for $16,166, lost $10,207 Simultaneously sold April 60s: $18,895 Gained $2,729 & lowered the strike by 10 Also reduced maintenance requirement a bunch In a pinch I can roll Aprils to July for more premies! Naked near term puts can be rolled both out and down, repeatedly. Only a drastic market drop will threaten the seller. Suppose I'd bot CALLS: Adios $5,959! There's a maneuver to roll calls but it won't work if the stock drops suddenly in the last weeks before expiration. Remember the immortal phrase from Professional Put Peddler Practices: "I'll pay you less, later ... if you'll pay me more now." Good to hear from you, Apratim, Best wishes and Good Evening! Don Martini PS: I've been out of town several days, unable to respond, sorry for this lateness.