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

To: Dr. David Gleitman who wrote (46892)	2/4/1999 4:26:00 PM
From: Night Writer	Read Replies (1) \| Respond to of 97611

Dr. David, I think you can sell them for about $30. Almost a triple. They currently have about $7 of time value in them. As the expiration date gets closer, the time value will decrease rapidly to match the real difference between the strike and market price. Unless you expect a seven point run up in Dell, you might consider some profit taking on the options. Another strategy would be to sell 8 calls and get your investment back. Let 12 of the calls ride and see what happens. NW PS I think El is right. We might see $42 on CPQ before it recovers.