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Technology Stocks : Compaq
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To: Mike Gordon who wrote (18612)3/1/1998 3:32:00 AM
From: Roger Louis  Read Replies (2) of 97611
 
<..However I trade using covered put and calls..>

Mike .. Are you using a spread on CPQ? If you are, which months are you writing the puts and calls on? I bought CPQ last month and wrote 5 July 40 covered calls. This is a great way to produce income while the stock moves around and if I get called out in July, I'll take my 23% and move on. Of course there is always the option of closing and rolling up if you want to keep the stock which in CPQs case might be a good idea.

Roger
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