Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Earlie who wrote (52972)	3/22/1999 9:01:00 PM
From: Tommaso	Read Replies (2) \| Respond to of 132070

I would like to point out that the open interest on the DELL LEAP puts at 30 for 2001 is currently 17,628. That means that every point the put moves involves $1,762,800. This is only one expiration and one strike price. I wonder what the total outstanding positions are. In any case, if the company itself has sold a substantial humber of these, it would be interesting to know how far the stock price would fall before it totally bankrupted the company. If it went to 10, that would be a commitment for someone of over $30,000,000 on that one strike price and maturity. Maybe that's small potatoes for Dell, but with all the other positions it could start to add up. OK folks. What's wrong with my thinking? Have I got this wrong? No wonder Michael dell is selling stock as fast as he legally can.