Altaba Inc. (formerly Yahoo) Message Board

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 : Altaba Inc. (formerly Yahoo)

AABA 19.63

0.0%

Nov 6 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: IKM who wrote (5148)	12/30/1997 1:49:00 PM
From: IKM	of 27307

* << why in the world would someone open a position 29 points in the money?>> Shows you what I know. The open position increased by the 1110 contracts traded yesterday. It seems a way to use a bit of leverage. Was it a sale? If so, a bearish signal. But I've no way to know for sure. One reason for selling the contracts short could be a desire to short without the risk of having short shares called in, or just a lack of shares to short. The option could be exercised, but not likely. Maybe there are underlying share to cover, before selling, which will depress the stock price and lower the repurchase price of the calls. That trade yesterday was for over $3 million.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next