Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: sjemmeri who wrote (12666)	8/21/1999 9:53:00 PM
From: PLeaps	Read Replies (1) \| Respond to of 19700

There are other strategies that you should consider. If it were that easy, everyone would be doing it. The problem with it is that you can get called away at any time, not necessarily at the options expiry. If the stock dips to 65 you breakeven. If the stock goes up, you lose since you wont be part of the gain on your 100 shares of the common. The only thing you accomplish is getting 15 points on the sale. But if the stock falls at all, your 15 points fall with it. The calls are cheap now since it seems the volatility is lessening. Look at 2002 leaps if you like the stock. Very reasonable.