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Strategies & Market Trends : How To Write Covered Calls - An Ongoing Real Case Study! -- Ignore unavailable to you. Want to Upgrade?

To: Herm who wrote (9505)	1/20/1999 1:54:00 PM
From: Senator949	Read Replies (1) \| Respond to of 14162

Herm/anyone, I was checking CPQ's options and there now appear to Calls/Puts offered in the low dollar range with bid/ask at unusual prices. Can anyone tell me what these are and how they are valued? Thanks, Robin Symbol: CPQ Name: COMPAQ COMPUTER CP Exchange: Pacific Expiry Strike Call month price /Put Bid Ask Last trade Volume Open interest FEB 12 1/2 Call 8 1/2 8 7/8 8 5/8 514 8,786 FEB 12 1/2 Put 7/8 1 1 404 3,396 FEB 37 1/2 Call 12 3/4 13 1/4 13 1/4 120 852 FEB 37 1/2 Put 5/16 3/8 3/8 105 2,136 FEB 40 Call 10 1/2 11 10 3/8 736 3,938 FEB 40 Put 9/16 11/16 5/8 177 5,055 FEB 45 Call 6 5/8 6 7/8 6 3/4 4033 18,797 FEB 45 Put 1 1/2 1 9/16 1 5/8 3120 7,848 FEB 47 1/2 Call 5 1/8 5 3/8 5 1/4 728 6,142 FEB 47 1/2 Put 2 3/16 2 1/2 2 1/2 195 3,322 FEB 50 Call 3 3/4 4 3 7/8 7722 16,582 FEB 50 Put 3 1/2 3 5/8 3 5/8 2030 1,931 FEB 55 Call 1 13/16 2 2 3829 6,485 FEB 55 Put 6 1/4 6 3/4 6 1/2 117 81 FEB 60 Call 3/4 15/16 7/8 819 0 FEB 60 Put 10 1/4 11 0 0 FEB 65 Call 5/16 1/2 0 0 0 FEB 65 Put 14 7/8 15 5/8 0 0 0 MAR 5 Call 6 1/8 6 5/8 6 1/4 110 0 MAR 5 Put 3 1/4 3 5/8 3 3/4 0 MAR 7 1/2 Call 13 1/4 14 12 5/8 0 MAR 7 1/2 Put 9/16 13/16 3/4 10 0 MAR 12 1/2 Call 9 1/4 9 3/4 9 1/2 20 0 MAR 12 1/2 Put 1 5/8 1 7/8 1 5/8 15 0 MAR 40 Call 11 1/4 12 11 3/4 20 0 MAR 40 Put 1 1/16 1 5/16 1 1/8 70 0 MAR 45 Call 7 5/8 8 8 116 0 MAR 45 Put 2 3/8 2 3/4 2 5/8 66 0 MAR 50 Call 4 7/8 5 1/4 5 1/4 659 0 MAR 50 Put 4 3/8 4 3/4 4 3/8 1082 0 MAR 55 Call 2 7/8 3 1/4 2 7/8 930 0 MAR 55 Put 7 3/8 7 7/8 7 1/2 36 0 MAR 60 Call 1 11/161 15/16 1 3/4 1037 0 MAR 60 Put 11 1/8 11 7/8 0 0 MAR 65 Call 15/16 1 3/16 1 100 0 MAR 65 Put 15 3/8 16 1/8 0 0 0 APR 17 1/2 Call 0 0 2 9/16 122 APR 20 Call 30 1/8 31 1/8 29 1/2 5 291 APR 20 Put 1/16 1/4 1/16 954 APR 22 1/2 Call 27 3/4 28 3/4 22 5/8 104 APR 22 1/2 Put 0 1/4 1/8 1,620 APR 25 Call 25 1/4 26 1/4 25 10 1,441 APR 25 Put 1/16 1/4 1/8 60 2,038 APR 27 1/2 Call 23 24 21 1/4 931 APR 27 1/2 Put 1/8 3/8 1/4 1,786 APR 30 Call 20 3/8 21 3/8 20 5/8 99 4,197 APR 30 Put 5/16 9/16 0 0 4,843 APR 32 1/2 Call 18 1/8 18 7/8 18 1/8 46 3,379 APR 32 1/2 Put 1/2 11/16 3/4 3,848 APR 35 Call 15 3/4 16 1/2 15 3/4 777 10,272 APR 35 Put 3/4 13/16 13/16 4 5,554 APR 37 1/2 Call 13 3/4 14 1/2 14 1/4 150 6,598 APR 37 1/2 Put 1 1 3/16 1 1/8 41 1,726 APR 40 Call 11 7/8 12 1/4 12 1/4 472 10,514 APR 40 Put 1 5/8 1 3/4 1 5/8 42 3,695 APR 42 1/2 Call 10 10 1/2 10 1/4 180 4,068 APR 42 1/2 Put 2 2 3/8 2 74 1,025 APR 45 Call 8 5/8 8 3/4 8 3/4 1203 14,154 APR 45 Put 3 3 1/8 3 263 1,770 APR 47 1/2 Call 6 7/8 7 3/8 7 1/4 182 2,473 APR 47 1/2 Put 4 4 1/4 4 138 APR 50 Call 5 5/8 6 5 5/8 1889 8,897 APR 50 Put 4 7/8 5 1/4 5 3/8 40 349 APR 55 Call 3 3/4 4 3 7/8 793 2,004 APR 55 Put 8 1/8 8 1/4 8 3/8 77 2 APR 60 Call 2 3/8 2 3/4 2 1/2 367 0 APR 60 Put 11 1/2 12 1/4 0 0 APR 65 Call 1 1/2 1 3/4 0 0 0 APR 65 Put 15 5/8 16 3/8 0 0 0 JLY 25 Call 25 3/4 26 3/4 25 5/8 10 127 JLY 25 Put 1/16 5/16 5/8 344 JLY 27 1/2 Call 23 3/8 24 3/8 23 3/4 10 34 JLY 27 1/2 Put 5/16 9/16 13/16 141 JLY 30 Call 21 1/4 22 1/4 21 10 1,170 JLY 30 Put 1/2 3/4 3/4 50 619 JLY 32 1/2 Call 19 1/8 19 7/8 15 3/8 62 JLY 32 1/2 Put 13/16 1 1/16 1 24 392 JLY 35 Call 17 1/4 17 7/8 17 1/4 2 5,656 JLY 35 Put 1 7/161 11/16 1 11/16 8 820 JLY 37 1/2 Call 15 15 3/4 15 5/8 10 377 JLY 37 1/2 Put 2 2 3/8 2 7 424 JLY 40 Call 13 3/8 13 7/8 13 1/4 40 2,729 JLY 40 Put 2 9/162 15/16 2 5/8 4 1,171 JLY 42 1/2 Call 11 7/8 12 3/8 11 1/8 15 2,085 JLY 42 1/2 Put 3 1/2 3 7/8 3 3/4 10 930 JLY 45 Call 10 3/8 10 3/4 10 1/4 326 2,630 JLY 45 Put 4 3/8 4 3/4 4 5/8 25 442 JLY 47 1/2 Call 9 9 1/2 9 1/4 246 1,098 JLY 47 1/2 Put 5 1/4 5 3/4 5 1/4 5 4 JLY 50 Call 7 7/8 8 3/8 8 649 5,264 JLY 50 Put 6 1/2 7 6 5/8 65 214 JLY 55 Call 6 6 1/4 5 3/4 525 1,545 JLY 55 Put 9 3/8 9 7/8 9 7/8 10 0 JLY 60 Call 4 3/8 4 3/4 4 1/2 476 1,740 JLY 60 Put 12 7/8 13 5/8 13 5/8 10 JLY 65 Call 3 1/4 3 5/8 3 3/8 1 0 JLY 65 Put 16 3/4 17 1/2 0 0 0