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.

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

To: tony sidhu who wrote (113409)	3/30/1999 11:07:00 AM
From: SecularBull	Respond to of 176387

No, the calls are called at the strike price, not premium plus strike.

To: tony sidhu who wrote (113409)	3/30/1999 11:11:00 AM
From: Jeffry K. Smith	Respond to of 176387

TONY - the buying party has the right to call your stock at any time or current price. And, calls to purchase stock are not tracked from seller to buyer, they are distributed among all those who sold calls, so part, all or none of your stock may be called if it closes at 42.75 for instance. IOW you didn't sell your calls, you just sold calls. More likely than not (in my experience), if it closes above the strike price, by a little or a lot - in your case $42.50, it will be called away. I bow to those with more experience than I for their views. Jeff Smith

To: tony sidhu who wrote (113409)	3/30/1999 11:12:00 AM
From: edamo	Read Replies (2) \| Respond to of 176387

tony...re dell april calls.. you wrote dell april 42.3 calls...???perhaps april 42.5 (dlqdv) @ 1.25... if the stock stays below 42.5 you keep....above 42.5 you lose...not the best strategy in a stock that appears to have an upside bias...timing a bit off...from my vantage point the time is ebbing to sell puts and buy deep covered calls with skinny premiums..the wave is beginning to form...your strategy is best at the crest of the wave...unless of course your goal is to have the stock called away...not sure why you would do that with dell...normally not on the buyers side...but in this instance he has the advantage...think it thru..ed a.

To: tony sidhu who wrote (113409)	3/30/1999 11:14:00 AM
From: Dennis Kern	Respond to of 176387

Tony, The premium is yours to keep regardless of the underlying. However, if the underlying is above the strike price you may have to deliver the shares at the strike price regardless the underlying's price. Dennis