How To Write Covered Calls - An Ongoing Real Case Study! Message Board

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Strategies & Market Trends : How To Write Covered Calls - An Ongoing Real Case Study!

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To: JimsJeeps who wrote (9784)	2/28/1999 9:30:00 AM
From: Herm	Read Replies (2) of 14162

CPQWINs Spells W - Defensive! CPQ is going down. $34 appears to be the first support. But, who can tell? That was one massive spike in the trading volume. WOW WOW! 74+ million shares and down 13% in one day! WOW! CPQ will most likely produce a dead cat bounce (trader's bounce off $34) and move sideways. Those PUTs really jumped up! Folks might want to assess their CCs. If 80% of the value is gone, they should cover and CC the LEAPs as their money grabber. Load up on the premies and sit back! It is starting to look good and cheap for this gem!NYSE: (CPQ : $35 3/8) $59,931 million Market Cap at February 26, 1999 Ranks 55th in the Fortune 500 on Revenue & 59th on Profit. Employs 18,865. Trades at a 22% Discount PE Multiple of 19.8 X, vs. the 25.5 X average multiple at which the Computers SubIndustry is priced. iqc.com

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