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.

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

To: James F. Hopkins who wrote (22574)	3/19/1998 11:17:00 AM
From: Andreas	Read Replies (1) \| Respond to of 97611

Good Post James; Even though I'm down both emotionally and financially on cpq I have decided (at least until the next barrage of bad news) to wait it out and write covered calls. I have outstanding right now some March 35s which will obviously expire worthless tomorrow. My overall cost basis in cpq is about $30.50. I'm evaluating which calls to write tomorrow. My thinking is the April 25s. Maybe I can get a buck for them. (if one does this for twelve months you can pick up $12.00 per share less commissions). I don't know if you're into this strategy while you sit around and wait. but if you are, what are your thoughts? Would you go with the April 25s or something else?? Looking forward to hearing from you.