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Technology Stocks : Compaq
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To: Joey Smith who wrote (6981)10/17/1997 9:52:00 AM
From: Ibexx   of 97611
 
Joey,

I bought the 99 strike 80--VKPAP.

In option tradings, especially the long-term ones, never try to pick the very bottom or the very top, the "edges" could cost you handsomely.

I usually looked at the potential stretch and slope of the ride and decided on that basis.

Knock on wood--I have not lost a single option trade out of the dozens I did this year.

Ibexx

PS: I would've opted for a 99 (2000) LEAPS call, but such are not available yet.
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