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Technology Stocks : CMGI What is the latest news on this stock?

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To: Zed who wrote (4992)2/26/1999 4:13:00 PM
From: SJS   of 19700
 
If you sell the puts for a premium, then you may be right or not. If you sell 100 strike puts for 5, for example, your breakeven is 95. If the stock goes to 90, you could have purchased it for less, sure.

If it goes to 98, and then back up to 125, you own it at 95, so you have purchased it cheaper than the lowest recent market price.
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