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Technology Stocks : Compaq -- Ignore unavailable to you. Want to Upgrade?

To: hpeace who wrote (10360)	12/8/1997 3:34:00 AM
From: Bilow	Read Replies (1) \| Respond to of 97611

Hi steve; At first I thought you were just a perma-bull on CPQ, but having read more of your posts I now understand that you pull income out of your CPQ position by selling covered calls. This being a way of taking income out of your position. I suppose you are doing this because you want to avoid the capital gains associated with selling the stock itself. Best time to sell covered calls would be at CPQ price peaks. Did you sell some at the recent price peak? Are you planning on selling covered calls after the 4Q97 or 1Q98 results are announced? P.S. You are correct about your put position in CPQ being much larger than mine. For the sake of the record, I only have 6 CPQPL puts. This is just play money, but I enjoy it. And much apologies for confusing the issue of stock splits. -- Carl