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

To: Night Writer who wrote (24696)	4/22/1998 1:47:00 AM
From: Eddie Kim	Read Replies (1) \| Respond to of 97611

NW, This makes sense, but by selling covered calls you just said "bye-bye" to all potential upside profits above the strike price. Your June 27.5 are practically in the money and we still have two months left. For people who have been holding on to this stock in order to break even, writing cover calls which such low premiums is just not worth it. Writing covered calls is not an aggressive strategy in my opinion...its a conservative one. Nevertheless, you do as you see best.