Jimmy's Option Pit and Undervalued Stocks Message Board

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Strategies & Market Trends : Jimmy's Option Pit and Undervalued Stocks

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To: jimmy who wrote ()	3/16/1999 11:57:00 PM
From: jimmy	Read Replies (2) of 47

Here are some option plays for the month of April. I will try and generate about $10,000 per month in options premium. I must say, you have to have faith in the companies and if you don't understand options then it will be wise to ask questions. So I will first disclose the trades I have positioned my self for the Month of April and I will periodically add to this list. Sold 3 CMGI April 145 PUTS for 13 5/8. This will give my account $4057 Keep in mind if CMGI goes below 145, you will have to buy this stock at 145*300= $43,500. The actual cost basis is 43,500-4057=$39,443. Sold 2 NSOL APRIL 190 PUTS for 11 7/8. This will give my account $2,345. The same theory goes for all puts sold naked. SOLD 2 CMGI APRIL 155 PUTS for 10 3/8. This will give my account $2,045. Why did i chose these stocks? Because both these stocks have tremendous premiums mainly because they very volatile. Thus creating a great opportunity for put premiums. Only deal with the best stocks, and I feel these two stocks are the BEST in the entire market. So far I have sold $8,447 for the month of April. The amount on money that I have to spend if I get put for all these stocks is $112,000. jimmy

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