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Technology Stocks : Compaq
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To: ed who wrote (13776)1/17/1998 1:16:00 PM
From: Mike Gordon  Read Replies (2) of 97611
 
Ed, I guess I one of those who stalled the growth on Compaq. Most of my trades are covered calls or short puts. Upon purchase, the funds are in the account. If the call is exercised, I kept the premium. If the put is exercised, I own the stock at a discount with an immediate opportunity to sell the covered call. This strategy is considerably more profitable that buying calls or puts for long term expiration dates. The 'big boys' might be on to something!!<ggg>

Mike Gordon
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