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: arthur pritchard who wrote (127569)	5/21/1999 11:19:00 AM
From: edamo	Respond to of 176387

arthur...i don't want to confuse you... i'm contemplating a pure defensive move, on what may be a near term technical situation, that has not a thing to do with dell...the volatility is not existent to make put sale any more profitable then in february...conversely the premium on ditm leap calls are not much above the market....for instance 0120 @ 22, 0122.5 @ 20...sell dell at 37...buy 0122.5 @ 20...hold aside 17....if the market brings the stock down, the ditm will track the common about par, same for upside...but if market brings dell to 35 or lower, i buy another 0122.5 with the 17....so i leverage 2x my common if the stock drops, and incur no risk other than time and accept about a 14% premium to the market to do so....i work in unison with my puts... please go through the numbers and the logic, my mind sometimes faster than my fingers...haven't thought all the "what ifs" through yet...would appreciate any devils advocates" yes out of character for me...just preparing for a doomsday scenario, that has nothing to do with the underlying.....