Vic,how would you play this one? A few weeks ago I bought some April 30 CPQ Puts to cover my Long shares, when the CPQ earnings warning gossip started to surface. Now Monday I'm virtually sitting here with a neutral position with PUTS and a Long position. I'm thinking about either bailing out of my Long shares, taking the tax loss(even at 30),maxing out the decline, maybe 23-25,then unload my Puts, expiring Friday. Or I just cash in my Puts and hold CPQ, if I believe it will come back some day, in my lifetime! How would you play it? Thanks.
Howie |
