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Technology Stocks : Dell Technologies Inc.
DELL 132.08-0.8%Dec 1 3:59 PM EST
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To: Jill who wrote (117438)4/14/1999 8:50:00 PM
From: PAL  Read Replies (1) of 176387
 
Jill:

OT OT OT

Sold CMGI several puts Jan01/110 at 38 and 40 3/4 (safe move) on 3/10 and 3/15, bougt them back yesterday at 18. Where did I get the money? By selling several puts Jan01/200 at 56 (oh, well these last ones have gone up today, but they are slow moving though). The out of the money are safer while the premium is still rich. Would you buy CMGI at $ 144 (i.e 200 minus 56)?

As a matter of fact shorting out of the money CMGI LEAP puts can be used to remedy that of short puts on Dell such as Apr50 or Apr45.

Regards

Paul
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