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

To: Roger Louis who wrote (18620)	3/1/1998 6:32:00 AM
From: Jimbo	Read Replies (1) \| Respond to of 97611

Off topic - Roger can you tell me a good (free) Web site that shows open interest on options ?

To: Roger Louis who wrote (18620)	3/1/1998 9:25:00 AM
From: Mike Gordon	Read Replies (1) \| Respond to of 97611

< Are you using a spread on CPQ?> Roger. I am not using spreads however I do produce an income monthly from CPQ and a few others. The reason I don't use a spread is because of cost. I predetermine my profit using a covered calls near term (monthly) and strike price. I start by selling puts while keeping the principal representing the puts in the MM account earning interest. If the stock is put to me, as it might with CPQ, then I immediately sell covered calls. If you're into long term gains, this is not the strategy to employ. I recognize that spreads will negate some losses, however I prefer to trade the stock if necessary. Cost on trading is less than the spread between the bid/ask price. JMHO Glad to see someone else using these strategies. Mike Gordon