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

To: Mike Gordon who wrote (23900)	4/4/1998 2:02:00 PM
From: Wolf 2	Read Replies (3) \| Respond to of 97611

Mike: Would you be so good as to direct a longtime 'lurker' and CPQ shareholder to an internet site that supplies equity option quotes free? I can always call my friendly broker or <groan> consult the print media but, frankly, I'm online so often that I may as well get this chore done online as well. Now, if only I could figure out a way to have the computer take the darn garbage out, I could keep my wife at bay...<vbg> TIA Wolf

To: Mike Gordon who wrote (23900)	4/4/1998 7:04:00 PM
From: FR1	Read Replies (1) \| Respond to of 97611

"However, like you, I got stuck with 2K shares of CPQ by selling puts. However, this was turned around by selling CCs. You need to understand the math and strategies if you are to be successful." Hi there! I am just curious and trying to understand this so I can learn something. Let's say CPQ was at 30 and you sold 2K shares of covered puts at 28. The stock goes down and you have to pay. Are you saying you sold 2K of Covered Calls at something like 32 to cover your loss at the same time you sold puts? Or did you sell CCs as you hit the strike price of 28? I don't understand how you calculated things and turned this loss around selling CCs. I appreciate your advice.