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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 (11722)	7/14/1999 8:34:00 AM
From: AmericanVoter	Read Replies (1) \| Respond to of 19700

Hi Paul and thanks for the detailed reply... the part that doesn't make sense to me, if you can buy the stock with 50% equity, then it seems to me that the maximum margin maintenance requirement should be 50% of the stock at strike price (including the collected premium) as long as the stock is above strike price... what the broker said was that you could end up with more than 50% equity and that excess margin would be released when the PUT is exercised... I guess what I need to clear with him is, if that is when the stock drops below the strike of the PUT or just if it has dropped below when the PUT was sold... because it doesn't make sense to me to have more than 50% margin maintenance if the stock is above strike... what I would like to know is, if the stock is above or at the strike of the sold PUT, what would be the maximum margin maintenance requirement... BTW, I just called the MSDW broker and left him a VM with that same question... best regards amein