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

To: Eggolas Moria who wrote (111758)	3/24/1999 4:08:00 PM
From: lebo	Respond to of 176387

Congrats to all DELL Longs. We should get back into the 40s tomorrow and start our ascend to the 50s.

To: Eggolas Moria who wrote (111758)	3/24/1999 4:35:00 PM
From: Craig Lieberman	Read Replies (1) \| Respond to of 176387

Thanks for the concern Gary and Larry, Gary says.... I suspect that your broker either does not have enough of a history with you to permit a lower amount or is just terrified about what is going on in the tech market. Larry says... Selling naked puts is ONLY FOR PROS !!! I suspect that both are correct.. The puts I attempted to sell were the Jan 2001 85s. which seem conservative to me... I expect Dell to go up from here significantly. especially in the next 17 months. Therefore, I would expect the $48 in premium to be like taking candy from a baby.. But if I need 8500 for each contract in cash in the account, then what is the point, I would be better off just buying the stock and going long the 100 shares. That way, I could margin the stock if I so desire. I have heard lots of people selling puts on this thread. Do they have large long positions that give them the leverage/margin for it? My large position in Dell is in an IRA. I can't margin it, I can't buy any calls or sell puts against this position. The options position I take is outside that account in a separate, much smaller account. However, If I did get in trouble with the options, I do have the shares/resources with which to bail myself out. Just pay the tax man for the privledge. Craig