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Technology Stocks : Compaq
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To: Jim McMannis who wrote (10124)12/4/1997 12:27:00 PM
From: hpeace  Read Replies (1) of 97611
 
CPQ OPTION PLAY.
I don't post cpq option plays often.
but, over these last cople of days I completed the spread I wanted on cpq.
I bot the cpq apr 65 put for a steal while it rallied.
and this morning when cpq fell to 63 I sold the apr 85 naked put on cpq for almost 22...
by april I should profit that entire 22 minus what I paid for the 65 call.
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