Compaq Message Board - Msg: 3765529

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Technology Stocks : Compaq

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To: James F. Hopkins who wrote (22574)	3/19/1998 11:17:00 AM
From: Andreas	Read Replies (1) of 97611

Good Post James; Even though I'm down both emotionally and financially on cpq I have decided (at least until the next barrage of bad news) to wait it out and write covered calls. I have outstanding right now some March 35s which will obviously expire worthless tomorrow. My overall cost basis in cpq is about $30.50. I'm evaluating which calls to write tomorrow. My thinking is the April 25s. Maybe I can get a buck for them. (if one does this for twelve months you can pick up $12.00 per share less commissions). I don't know if you're into this strategy while you sit around and wait. but if you are, what are your thoughts? Would you go with the April 25s or something else?? Looking forward to hearing from you.

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