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What went wrong?



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I need some help. I own some cpq stock and also bought some oct 75
options. After yesterday $+3.625 to 77.25 I felt pretty good when I
heard this A.M. that they beat earning expected which is usually good
for a point or two and thenit was going to split and increase its
dividen.  this sounded like my Oct. $ 75 option was going to be worth
money.  The stock is now down over 2 points What happen? What did I
miss? scooper