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

To: On the QT who wrote (92030)	1/28/1999 12:05:00 AM
From: Sig	Read Replies (1) \| Respond to of 176387

<<<I have not as of yet used margin and options as a combined play. Interesting.>>> Actually its a very simple play, whether options or stock. I merely call the broker and ask for my buying power. If he says 50K, I figure its safe enough to spend 5k on either stock or options ( I have already figured in advance what I want for the day- today it was BRCM stock) so I bought some. Since I am allowed 70% margin and spent 5k, my 50k buying power then becomes reduced to 48,500. <<< For you, when you use them in tandem does the use of the double play require you to do something different with regard to determining the duration of this technique?>>> Its a running account with no end except when I get tired of looking at a low(<50k) buying power, or having to watch options on 20 different companies. Then I just sell maybe three that havent done so well as others. I recently sold Amzn, Inkt, Mrk calls and own none of that anymore. Bought some more Yhoo stock, an AOl call and two Msft calls- stuff I already owned. The only thing that limits my 'plays' is the amount of margin that I feel safe in using. << Is it as simple as it sounds?>>> Simple as 'all get out'. Buy a call, can only lose the amount paid for the call. No more. Or just buy stock. But on the calls there is a bit of thinking required, figure what price you want to sell them at, or decide to hold them. For example, last week I had the Dell Feb 50,70,75,80 calls My decision was to hold all but the 50's, which I sold and rolled out to May by buying May 90's. The only part that is not simple is keeping track of things. I have 55 different options and 17 stocks to keep track of So I use Yahoo Finance and Managing Your Money software to do that and can print everything out in a few minutes. That includes everything, every item sold or bought for the year, the date sold or bought, price paid, years profits etc. The whole kit and kaboodle. Will sort by date, by alphabet, etc. Jan does all that and it takes time (hahaha) Still, overall, have 80% to 90% assets in Dell, and play with the other stocks for fun and a dab of diversity Regards Sig