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Technology Stocks : Dell Technologies Inc. -- Ignore unavailable to you. Want to Upgrade?

To: Jill who wrote (117438)	4/14/1999 1:54:00 PM
From: freeus	Read Replies (1) \| Respond to of 176387

OT Love those CMGI puts: selling is like "free money". But the brokerage will only let one do a limited number unless one has millions I think. Freeus

To: Jill who wrote (117438)	4/14/1999 8:50:00 PM
From: PAL	Read Replies (1) \| Respond to of 176387

Jill: OT OT OT Sold CMGI several puts Jan01/110 at 38 and 40 3/4 (safe move) on 3/10 and 3/15, bougt them back yesterday at 18. Where did I get the money? By selling several puts Jan01/200 at 56 (oh, well these last ones have gone up today, but they are slow moving though). The out of the money are safer while the premium is still rich. Would you buy CMGI at $ 144 (i.e 200 minus 56)? As a matter of fact shorting out of the money CMGI LEAP puts can be used to remedy that of short puts on Dell such as Apr50 or Apr45. Regards Paul