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


To: Mike Gordon who wrote (23275)3/24/1998 3:35:00 PM
From: Andrew  Read Replies (1) | Respond to of 97611
 
<<I had no choice but to bail out of the April 25 calls at reasonable profit. Glad I did. Offset
with May 22.5 puts at 7/8. I couldn't get the April 22.5's. Also sold May 25 CC's at 1.75 on
remaining CPQ. Both sides now on tap. Can't believe this market again today.>>

Hey Mike:

I'm new here and just bought some $30 call LEAPs for the year 2000 yesterday. Paid $5 1/4 and now they're over 6. Why mess with options when the LEAPs offer some breathing room?