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

To: Dr. David Gleitman who wrote (38370)	12/3/1998 11:04:00 AM
From: rupert1	Read Replies (1) \| Respond to of 97611

Dear Doc: I remember advising you to forget about it until it was $50 (on 23rd February, 1999 at 1.43 p.m. EST).

To: Dr. David Gleitman who wrote (38370)	12/3/1998 12:22:00 PM
From: Sundar Rajan	Read Replies (2) \| Respond to of 97611

I have been in similar situations selling calls and finding the stock run up against me. Fortunately CPQ is a slow mover so you should be able to roll your calls to the next month - say sell a jan 37 1/2 or jan 40 and then buy back the dec 37 1/2. If you are lucky you could try to time the sale when cpq is high and buy back the dec's when it goes down - may be on the same day. I have never known of calls being exercised before the expiry date but one of my friends who sold puts on disney had dis put to him a week before expiry.