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

To: Candle stick who wrote (8001)5/7/1999 9:13:00 AM
From: PAL  Read Replies (1) | Respond to of 19700
 
When it reachbes 280-300 level, I will sell covered call Jan01/300. Nuts? Not really, because if it comes under pressure to 210 level, I will sell naked puts Jan01/200 or Jan01/220, collect both premiums, my cost basis will be around $ 20/share and sell it in Jan01 at 300. That is not being greedy or is it? LOL

But don't forget that there is a downside risk as well.

Best regards

Paul.


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