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Technology Stocks : Compaq
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To: Chuck Williams who wrote (21562)3/12/1998 6:18:00 PM
From: Bill Rowland  Read Replies (1) of 97611
 
Chuck - why would someone buy/sell 300 CPQ Mar 15 calls?

The last trade was 150 contracts...if it was part of a buywrite when CPQ was trading at 25.25 and they sold the call at 10.375 they'd be richer by 15,000 eighths or $1875 as long as CPQ stayed above 15 until expiration on the 20th. Sounds ok to me.

-bill
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