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

To: PCSS who wrote (26021)	5/11/1998 10:45:00 AM
From: Eddie Kim	Read Replies (1) \| Respond to of 97611

The key prices are: 32.5 and 35 for this Month at least. If CPQ closes below 32.5 on Friday all the call 32.5 options expire worthless as well as the 35, 37.5, etc... Thus the people who sold the 32.5 calls have an interest to see this stock close below 32.5. The May 30 has the most open interest with the May 27.5 in a close second. I am assuming that CPQ will not close below 30 by Friday; thus the 32.5 is the key price, at this moment, to watch. Given that most option expiration Friday's are negative, I wouldn't be surprised if CPQ closes below 32.5.