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Technology Stocks : Altaba Inc. (formerly Yahoo)
AABA 19.630.0%Nov 6 4:00 PM EST
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To: Lucinos who wrote (23945)9/22/1999 6:16:00 PM
From: Danny  Read Replies (1) of 27307
 
Lucinos:

Option is a tough game to play and there are several
scenarios which may force me get out of my position
at different points:

1:) YHOO shoot for 195 +/- area in short term, say, this
week. In this case, 180 call will still carry fat premium.
So, I will sell all of them and use 1/2 the proceedings
to buy something like 200 or 210 calls.

2:) YHOO slowly goes to 195 +/- area, say, a week before
earning. In this case, 180 call won't carry big preimuim
so I would sell half of the positions and keep the rest
until the earning date.

3:) YHOO shoot over 220 quickly (extremely unlikely). I
would sell all my calls, whether the current 180s, or
the follow up 200s, and buy some Nov puts.

4:) No matter what happens, I will unload all my calls
before the earning. It is not worth my risk to hold
through the earnings.

Finally, I am not going to touch my core stock positions
regardless.
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