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Politics : Ask Michael Burke

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To: Knighty Tin who wrote (601)	8/20/1996 7:57:00 PM
From: Doak Lambert	of 132070

Michael: I noticed CPQ took a good hit today. Any idea what caused it? Was this a reaction from the news of two days ago about China cutting prices and moving lots of boxes? Also, I hate to sound ignorant, but I have never traded options. If a CPQMJ (Jan 50 put) is trading at 2 7/16, what does that translate to in dollars (not counting commissions)if I was to buy one? I noticed this is where those closed today on the ask. Is it too late to buy any of these? Thanks, DL

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