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

To: edamo who wrote (104229)	2/23/1999 1:25:00 PM
From: PAL	Read Replies (2) \| Respond to of 176387

Another beauty of selling put on a dynamic company like dell, csco, msft is that you can use OPM to buy the corresponding call. For example: in December I sold CSCO Leap Jan00 puts/strike price 100, and use the money to buy CSCO Leap Jan00 calls/strike price 100. Now I own the call and expect that CSCO will be above 100, and come Jan00, who knows where CSCO will be (hopefully the put will expire worthless). I do not use my own money to buy those call. Same strategy can be used for Dell. PAL