Re: [RT] Barron's Option article

["Ray Raffurty" <r.raffurty@xxxxxxxx>]

That should have been $207,646.00 - the premium 
they sold them for.
 
Good luck and good trading,
 
Ray Raffurty
 
<BLOCKQUOTE 
style="PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
  ----- Original Message ----- 
  <DIV 
  style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From: 
  Ray 
  Raffurty 
  To: <A title=realtraders@xxxxxxxxxxxxxxx 
  href="mailto:realtraders@xxxxxxxxxxxxxxx";>realtraders@xxxxxxxxxxxxxxx 
  
  Sent: Monday, May 06, 2002 8:06 PM
  Subject: Re: [RT] Barron's Option 
  article
  
  I think you better read that article 
  again.
   
  The first put options that I could find 
  with significant open interest and enough time for DELL to go to 
  8 are the Jan 03 40 and 45 LEAPS @ 4843 and 1145 
  respectively.
   
  If they sold ALL 5988 puts (4843 +1145) their 
  maximum loss would be only $207,646.00 if DELL is at 8 on 
  expiration.
   
  I haven't done the math but I would bet that the 
  total of all 40 and 45 put open interest would fall far short of $2.3 
  Billion.
   
  Good luck and good trading,
   
  Ray Raffurty
   
  <BLOCKQUOTE 
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    ----- Original Message ----- 
    <DIV 
    style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From: 
    Lee Morris 
    
    To: <A 
    title=realtraders@xxxxxxxxxxxxxxx 
    href="mailto:realtraders@xxxxxxxxxxxxxxx";>realtraders@xxxxxxxxxxxxxxx 
    
    Sent: Monday, May 06, 2002 7:30 
PM
    Subject: RE: [RT] Barron's Option 
    article
    
    <FONT face=Arial color=#0000ff 
    size=2>something not right here they have not been over 30 since 9/00, and 
    why $8
     
    
      <FONT face=Tahoma 
      size=2>-----Original Message-----From: M. Simms 
      [mailto:prosys@xxxxxxxxxxxxxxxx]Sent: Monday, May 06, 2002 1:00 
      PMTo: RealtradersListSubject: [RT] Barron's Option 
      articleDell Corp. sold a TON of far-out put 
      options on their own stock some timeago at about 40-45 
      strike.Bottomline: if Dell goes to 8, they will have lost $2.3 
      billion to cover theloss.Barron's is calling this event as the 
      "bottom" in technology.To unsubscribe from 
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