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

To: Dan Spangenberg who wrote (106294)	3/2/1999 6:14:00 PM
From: D. Swiss	Read Replies (1) \| Respond to of 176387

Dan babes, you want advice? RELAX, don't worry, be happy! :O) Drew

To: Dan Spangenberg who wrote (106294)	3/2/1999 6:20:00 PM
From: freeus	Respond to of 176387

How about selling LEAPS for 2000 at a high strike price, say 140 or 160? Thats what some were suggesting on the thread last week and it seems like a worthwhile idea. Then when the time premium expires you can get them back: there may be some tanking in the late fall anyway if people are afraid of year 2000 but your DELL will be higher so you will be able to get the leaps back without upsetting the margin balance. Or for shorter term, perhaps sell 80's or 85's for April? Wait until Thurs or Fri, maybe we'll have a short term run up and you can get more for the calls? Freeus Good luck good luck good luck!

To: Dan Spangenberg who wrote (106294)	3/2/1999 10:45:00 PM
From: JBird77777	Read Replies (1) \| Respond to of 176387

RE: Sale of a Dell Call to meet a margin call I recommend the Jan. 2001 strike price 80, symbol ZDEMP, for the following reasons. 1. It is best that the option be out of the money, because your brokerage firm will deduct from your portfolio value any amount by which your (short) call is in the money, and this deduction would harm the margin calculation for your account. 2. For minimum loss in your portfolio value as the dell stock price recovers, you should minimize the ratio of the option's delta to the option price. ZDEMP best fulfills these criteria. JB