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

To: taxman who wrote (120238)	4/23/1999 10:11:00 AM
From: edamo	Read Replies (3) \| Respond to of 176387

taxman...re selling dell puts in 50's did exactly that..sold may 55....decided to lock in a longer position, closed the may...rolled to 01...took short term tax loss on may close...added 9 per contract premium to my cash account...i've locked down all my puts in main account to 01 expiration...downside risk no more than strike less premium which is less than long the stock at time you sell put..actually conservative... i'm starting what i call an "unportfolio"...not wanting to hold any stock...will fund new account with 30k...use full service broker..worst commission case, and sell short term puts..if assigned will sell call against long with intent to be called away..don't want to own any long more than a month...look to earn 30% per annum(i know..loss of opportunity in such great times...but this is a good/bad time strategy with no risk of margin)...but feel in up market can do 7-10% per month with little or no risk...it's a money market replacement for cash....

To: taxman who wrote (120238)	4/23/1999 2:57:00 PM
From: Vol	Read Replies (1) \| Respond to of 176387

<<"it's almost like finding free money" well not quite. ask anyone who sold puts with dell in the 50's.>> Sold some May 50 puts when DELL was in high 40's about a month ago. I got about 7 1/5 for each put. That's about what they are worth today. And DELL is about 5 points lower. My 40 and 45 puts that I wrote are doing even better. You got to love time erosion as an option seller.