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

To: freeus who wrote (118381)	4/18/1999 3:50:00 PM
From: edamo	Read Replies (3) \| Respond to of 176387

freeus..re "click"...i'm confused.. i sell points at a moment that i feel is beneficial...i take the proceeds and go long the stock..if i am 100% correct..the put goes to zero...and the stock appreciates...if i am wrong, i own the stock with nothing out of my pocket..if the put goes bad i cover and take more cash in...always, always, building capacity and never,never using margin or having a margin call..i gave a real life case earlier this week...sold cpq 0040 puts in 97 common at 28...put premium at 14..sold 40 contracts got 56k...bought 2000 cpq @ 28...sold 2000 cpq last month at 43.5 for 87.5..compaq tanks buy the put back at a loss last week for 16.5 net paper loss for tax purposes about 9k..replace the 160k capacity use with another hammered down issue exhibiting a high implied volatilty, end up net to cash..and increased capacity..you can see the finite details of my earlier post... maybe i'm missing something..and it's just an illusion...oh well, won't be the first time of been wrong...ed a. p.s... if you are not on margin, as in "borrowing", not as in "capacity"...you cannot get a margin call...