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To: Jerry Olson who wrote (22606)1/14/1999 3:46:00 PM
From: Jorj X Mckie  Read Replies (2) | Respond to of 50167
 
O,
Are you done with CMGI? I saw that you sold yesterday, wondering if you are going to jump back in.

I still have Mar 105 calls and then I also bought into Jan 100s when it hit 103. Just going for the pop into tomorrow.
X



To: Jerry Olson who wrote (22606)1/14/1999 4:01:00 PM
From: Judy  Read Replies (2) | Respond to of 50167
 
Jer, how low do you think DELL can fall determines when you sell the puts. How high you think it will runup determines the strike which to short. If you are trading the runup for earnings, sell the Feb series. If your trade is to include the rise after earnings, sell the March series. Selling in the money puts is more profitable faster than at/out of the money, provided you are correct about the stock.