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

To: rupert1 who wrote (40552)	12/21/1998 12:13:00 AM
From: rudedog	Read Replies (2) \| Respond to of 97611

Victor - I have been watching your trading strategy, along with Robbie's, and it occurred to me that I probably could have done pretty well selling calls against my DELL position. The question I have is, if the stock got called, would I have been liable for short term cap gains on the stock I gave up to satisfy the call? Also, would this be a good strategy going forward, since after the 19th I am now in long term cap gains on my DELL holding? I would love to be called at $80 in February anyway, I think, given that I expect the stock to be well below that... What could I expect to get for Feb 80 calls against 48000 DELL shares?