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

To: Dr. David Gleitman who wrote (32984)	9/15/1998 11:52:00 PM
From: Night Writer	Read Replies (1) \| Respond to of 97611

Dr. David, Sir, please at least read the option information on the CBOE site. If you are trading with out the benefit of a broker, you are making the wrong transaction based on your post. If you buy the calls you own the right to buy the stock at 37.5 strike price if the stock price is the same or greater then 37.5. You pay the ask price for this contract. If you want to sell you are paid the bid price. If the stock is the same or greater then 37.5 the buyer has the right to buy your shares for 37.5. 9/16 was the bid price today for the Oct 37.5 strike price. Your math appears good also. Good luck. You also have to read a basic information document and sign some legal papers to buy and sell options. Your broker may have already had you do this. Remember Compaq announces quarterly results on or about October 14. NW