Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : Ask Steve -- Ignore unavailable to you. Want to Upgrade?

To: hpeace who wrote (4648)	2/1/1998 1:21:00 AM
From: Dan Spangenberg	Read Replies (1) \| Respond to of 4749

Yes I've looked at it and may jump. The apr 40's will get me 10 3/4 and the 30's will cost 3 7/8 so a net credit of 6 7/8 for a margin requirement of 3 1/8. Correct? When I sell the 40's I sell at the bid, right? Sure I can't do the 42.5's & the 32.5's? They have net credit of $8.00 and margin of only 2.00. I could sure do alot more of those!!(gggg) Thanks for the coaching, sometimes I need it! Dan

To: hpeace who wrote (4648)	2/1/1998 2:37:00 AM
From: Dan Spangenberg	Read Replies (1) \| Respond to of 4749

Corrected quote on SMOD (PBS had wrong price on apr 40's) 11 1/8 and 3 7/8 for credit of 7.25 margin of 2.75 not bad and could be better if I leg in. Steve, my problem is that I am sitting on a bunch of cpq Feb 30 calls that I've had since before earnings and split. I'm right at break even now, (up a bit or down a bit depending on the day) I may get rid of them this week to free up some resources for some other plays. There isn't hardly any premium left to lose if it stays flat through feb expiration. The CPQ/DEC deal caught me by suprise on these and I'm in a quandry as to if i'll realize ANY gain in the next 3 weeks. Any advice on these cpq calls? Thanks Dan