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Technology Stocks : Compaq

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To: Andreas who wrote (17739)2/21/1998 7:41:00 AM
From: Mike Gordon  Read Replies (3) of 97611
 
<Should he buy back the option he sold for $2.00 and sell the following month option at $35.00 or should he sell the following month call at $40.00.>

Andreas: When ever I write a call and subsequently get exercised, I generally turn around and sell the next months put. For instance, I sold the CPQ Feb 32.5'd last month. I was called yesterday. After some additional research, I will either write the March 35 or March 32.5 puts. I do this monthly.

Mike Gordon
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