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

To: edamo who wrote (104522)	2/24/1999 1:27:00 PM
From: freeus	Read Replies (1) \| Respond to of 176387

Thanks ed, LOD suggested that but I'm afraid of the LDEAH because I honestly think that will be a BIG winner and I'd get myself into deeper hot water. I'll think a little longer and then do something. Maybe someone will come up with some wonderful suggestion: where's my miracle.? I think I'd better forget covered calls unless I actually sell them at the year's high. Even then.... VVVVBG Freeus DIAK

To: edamo who wrote (104522)	2/24/1999 1:34:00 PM
From: my2boys	Respond to of 176387

OK. Just a few weeks thinking about options and now I am an expert… J Here are my two cents for freeus. My impression is that you are a conservative investor and you do not want to loose your DELL shares. You sold calls when DELL was oversold rather than overbought. I think you violated a primary rule about conservative use of options. So what do you do now. From my also very conservative POV, I would do one of two things: 1: Close out my position and accept my losses. You get to keep the DELL and the lesson learned. 2: Hold the position and take a chance at having your shares called away. Plan on buying back. I kinda like option #2. The possible outcomes are: 1 Dell stays below 85. Yea! (For you anyway.) 2 Dell goes above 85. You have to chase the stock to buy back in. Is that such a bad thing? Yes you loose some potential profit, but no actual money. Considering your premium, if you are able to get DELL below 87 7/8, your option play will still be profitable. All of the rolling the option over scenarios feel like "getting in deeper" to me. Wait for an overbought situation (if you can recognize it) and try again.