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

To: Roads End who wrote (22614)	3/19/1998 5:53:00 PM
From: James F. Hopkins	Read Replies (1) \| Respond to of 97611

Riechers; Not looked at the action in options today..my guess is we just put in a double bottom today at 23-5/8 and expiration should give a small bounce up tomorrow. I'd be surprised if it don't at least close at about 24-5/16 tomorrow, or if it went much over 25 ..that way both 25 calls and puts mostly die on the vine. They don't have to arb the puts if less than .75 is in them..( i think thats the limit but not sure ) any way with commissions most of them will just get left hanging in the wind if she closes at 24-5/16. I've never held puts or calls till the last day..so I'm not sure about what happens with any small amount of in the money thing and haven't asked, but Iv heard it was about the .75 cent level..you don't just get closed out automatic..if over that I think you do. May depend on your broker too. Jim