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Technology Stocks : Compaq

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To: Night Writer who wrote (12598)1/4/1998 11:04:00 AM
From: Kenneth R Miller  Read Replies (2) of 97611
 
Night Writer: Thanks for the informative post suggesting a strategy of "Buy 100 CPQ at 60 and Sell 1@July Call at 70 Strike price for $6"
Last Bid Ask Chg High Low Vol OI Sym
C JUL98 70.0 6 6 6 1/4 +1 6 5 1/4 52 1321 CPQGN

I cut and paste the above from DREYFUS BROKERAGE SERVICES web site just for clarification. Is the correct instruction to your broker, "Sell a Call"? I have heard of selling a Put. I'm somewhat confused as a novice about the correct term to use for the intended action. Would you care to make it more clear or am I asking for too much redundance here on a message board. Should I email you my telephone number and you could call collect to explain in over the telephone?

Thanks for your patience.
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