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Technology Stocks : CMGI What is the latest news on this stock?
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To: HG who wrote (4977)2/27/1999 1:47:00 AM
From: Roy Smith  Read Replies (1) of 19700
 
HappyGirl,
The one problem with selling LEAP puts is that you have no control over exercise.. you can be put to at anytime.

That time could be during a really bad day in the market or could be a random occurrence.

A few months ago I created a bull put spread on CPQ using six month contracts and got assigned the very next day! My broker was happy, but I had to bring in my purchased puts to cover. A total waste.

Good Trading ..
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