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Technology Stocks : CMGI What is the latest news on this stock?
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To: Jerry Olson who wrote (4549)2/1/1999 2:50:00 PM
From: SJS  Read Replies (1) of 19700
 
OJ,

I do the same thing with other stock (EMC, for one), however, with CMGI, I would give up a portion of that wad for some cheap downside protection for those naked puts, in case the bear gets some claws. That means, buying the 95 or 100, or even 105 PUTS for about 1.5, or 2 bucks/put. It's a small price to pay.

Then you can sleep at night for very little insurance cost against a catastropic meltdown.....
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