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

To: freeus who wrote (117532)	4/14/1999 4:19:00 PM
From: David Harker	Respond to of 176387

Right. If, in the year 01, Dell sells for $1/sh (as if!) then Edamo must still buy it at $60/share, which would suck, but he has the rest of his holdings, etc.

To: freeus who wrote (117532)	4/14/1999 5:16:00 PM
From: edamo	Read Replies (2) \| Respond to of 176387

freeus, freeus, freeus...strategy of put selling should the underlying fall out of favor, and you no longer desire potential assignment, just cover the position with a "more desirable" issue, that will give you additional premium and better posture...at this point strike is secondary, providing you don't exceed your exposure... e.g. 5x dell 40 puts = 1 x cmgi 200 puts...same exposure 200k..as long as the new premium is equal to or more than the one you replace..no risk..just monitor closely...the key is always maintain a position where the strike less the premium is at or below the price of the common...if too much disparity reset as above either same issue or new issue signed, an arrogant, illogical, condescending dolt...whose paper losses are too much to "bear"...yea right!