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Technology Stocks : Compaq
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To: Hawk who wrote (28641)7/7/1998 10:14:00 PM
From: Night Writer  Read Replies (1) of 97611
 
Hawk,
I've been long on cpq for so long that I'm in the black on this one. I'm a little worried about some July 32.5 puts I sold. I have cheap 30 puts for insurance. The worst case is a close at or just above 30. Ouch! That would hurt. A close below 30 or above 32.5 would be a winner. Given the current load of calls at 30, I better look for the below 30 close next Friday.
NW
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