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Pastimes : Ask Steve

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To: hpeace who wrote (4648)2/1/1998 2:37:00 AM
From: Dan Spangenberg  Read Replies (1) of 4749
 
Corrected quote on SMOD (PBS had wrong price on apr 40's)
11 1/8 and 3 7/8 for credit of 7.25 margin of 2.75 not bad and could be better if I leg in.

Steve, my problem is that I am sitting on a bunch of cpq Feb 30 calls that I've had since before earnings and split. I'm right at break even now, (up a bit or down a bit depending on the day) I may get rid of them this week to free up some resources for some other plays. There isn't hardly any premium left to lose if it stays flat through feb expiration. The CPQ/DEC deal caught me by suprise on these and I'm in a quandry as to if i'll realize ANY gain in the next 3 weeks.

Any advice on these cpq calls?

Thanks
Dan
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