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Technology Stocks : CMGI What is the latest news on this stock? -- Ignore unavailable to you. Want to Upgrade?

To: PAL who wrote (11553)	7/13/1999 9:31:00 AM
From: AmericanVoter	Read Replies (1) \| Respond to of 19700

Hi Paul, I found out yesterday that when I write a PUT, if the underlying stock drops, I would have to satisfy margin requirements up to 100% of the value of the stock at strike... which does not make sense since you can buy it at 50% equity... the broker at MSDW called head office and found out that it's a margin requirement and that the extra margin would be released after the PUT is exercised... now, I am not sure if this is a SEC requirement or MSDW's... what is the margin requirements at Brown & Co...? is the maximum 50% of the value of the stock at PUT strike...or same as above (up to 100%) ? best regards amein