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Technology Stocks : CMGI What is the latest news on this stock?
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To: Pete Jackson who wrote (7176)4/15/1999 4:46:00 PM
From: Jill  Read Replies (2) of 19700
 
Wading into options with leaps can be a "safer" way (if anything is "safe"), as you go far out, thus avoiding immediate consequences of unexpected volatility. Edamo on DELL thread suggested Harrison Roth's LEAPS and that's where I began. A very understandable book. Thus when PAL sold CMGI 01 200's yesterday (puts) he was selling way out leaps, and at a very safe price (as you see, the stock corrected down alot from its 300+ high, but did not get dangerously near 200--and even if it had, the 01 leap gives so much time to repair--
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