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To: freeus who wrote (117450)4/14/1999 2:11:00 PM
From: Jill  Read Replies (2) | Respond to of 176387
 
OT Yes...PAL was looking at 01s, me at 00s, premium will be richer, and then you take advantage of the next runup which is never far off--last CMGI puts I sold deteriorated by half already in about a month! I believe they were 180s when stock was just around 200...That was 00 also. There seem to be conflicting views about 00 vs 01--if you were going to annualize return, and in something as volatile and moonshot-soaring as this, you will do better to write 00s, perhaps, and then after they expire, write 01s...in long run do better...
Unless you want lots of $ right now!