Compaq Message Board - Msg: 3312216

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Compaq

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: David F. Robinson who wrote (15779)	1/31/1998 9:36:00 PM
From: Mike Gordon	Read Replies (1) of 97611

Anyone who feels that CPQ is dead money for a while should be selling covered calls, especially if their on margin. Friday, the sale of covered calls for 1,000 shares: .....Feb30...$1,062.50 or March 30...$2,125 Sale of these calls do two positive things; a. Protect your downside risk to the extent of the amount received, b. Ensure reasonable rate of return for the option period. Sale of these calls do one negative thing. a. Limit your gains at $30 during the option period. BTW, I sold 20 CC's after the announcement at $32.5. Wish now I would have sold the $30's. Unless things are considerably different, I'll sell the Mar $30s in three weeks. Mike Gordon

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next