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Technology Stocks : CMGI What is the latest news on this stock?
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To: Jenne who wrote (10617)6/22/1999 1:30:00 PM
From: Mark Peterson CPA  Read Replies (2) of 19700
 
Jenne, FWIW, the recent few days of lackluster trading (by some standards) was the result of the large number of outstanding options contracts for June, which were sold by institutions and others owning CMGI stock. Since many of the options expired worthless, some stockholders sold the stock while others sold July calls to partially hedge their position. The large number of July calls being sold effectively smacked down the options volatility from approximately 105 to 93. And you've probably noted correctly that some of the premium seems to have gone out of the July options.

JMO,

Mark A. Peterson
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