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

To: rupert1 who wrote (41279)	12/25/1998 8:30:00 PM
From: Night Writer	Read Replies (1) \| Respond to of 97611

vepoc, Remember for every buyer there is a seller, and for every seller there is a buyer. It is difficult to say that the options have an upward bias based on the open interest. Check out Max Pain close to expiration date. With exceptions, it is a generally good indicator. However, lately CPQ has developed a habit of exceeding the max Pain point and making call buyers big winners. Having said that, I purchased 10 Jan 50 options for 1/2. I think they have some chance of doubling or tripling close to expiration. Plan to continue purchasing a few cheap options until I hit a big rally. NW