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Technology Stocks : CMGI What is the latest news on this stock?
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To: B. A. Marlow who wrote (5960)3/13/1999 6:32:00 PM
From: SJS  Read Replies (2) of 19700
 
I don't buy options, I sell them. For the most part, that strategy is much more profitable.

For a scalp, I wanted to do March 150's, but they change so fast I have to be really re-calc the theoreticals almost every 5 minutes, and certainly before I execute. It would be a quick trade for a week, selling a potentially overpriced put option. I didn't have time on Friday to invest in finding one of these overpriced gems, and diligence needed to initiate these, thinking I might get more from them (even with the weekend erosion), on Monday (as the stock continues down).

LT (for an option guy means April....) might want to see if the stock had the chance to firm this week (storm clouds dissipate watching the news unfold...), and then write 160's if the numbers look right, and certainly with downside protection.

PS: This is NOT investment advice...(especially selling put options in a high risk Internet stock currently under the microscope!!!)

Steve
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