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

To: Night Writer who wrote (56896)4/11/1999 10:01:00 AM
From: P P Bravo  Respond to of 97611
 
Howard: If I may add my opinion to NW's, you have five trading days before your puts expire; get a feel how low this thing might go, then sell the puts and write July, Oct. or Jan.2000 (20, 25, 30?)calls against your long position. (I wouldn't get greedy, sell the puts and write the calls simultaneously.) This should should give you a decent return and, in the unlikely event they do something positive for shareholders with AV, it keeps in play. Just a thought.
PPB


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