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Technology Stocks : Compaq
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To: Bipin Prasad who wrote (33990)10/7/1998 10:42:00 AM
From: rudedog  Read Replies (1) of 97611
 
re: sell cover calls
How would that work for what I am trying to do? My goals are:
1) hold or add to CPQ position over time
2) reduce basis with no tax impact, or pick up the equivalent $ as if I had the lower basis, again for a long term holding
3) take the eventual return as long term cap gains, or make enough more to have the equivalent net gain.

Any advice appreciated -

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