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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: jim kelley who wrote (41589)	12/30/1998 6:08:00 PM
From: Knighty Tin	Read Replies (1) \| Respond to of 132070

Jim, We do not disagree about your last statement. Dell will be the last pc co. to start losing money seriously. But how does selling a put set a price for delivery of stock? It does not. That is not how puts work. Dell will only get delivery if the stock goes down. For example, if they sell a put to me at $60, I am not going to deliver any stock to them if the market price is $75. At $55, I'll come and knock on their door. So what happens to the put premium after it expires worthless? They don't get any stock from me. Know, this is just flim-flam Mikey and the gang made up to fool those who don't know much about put options. Who told you this crock? MB