Altaba Inc. (formerly Yahoo) Message Board

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Technology Stocks : Altaba Inc. (formerly Yahoo)

AABA 19.63

0.0%

Nov 6 4:00 PM EST

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To: yard_man who wrote (5158)	12/29/1997 3:09:00 PM
From: Peter Yang	Read Replies (1) of 27307

Thanks, Actually a friend of mine has shorted YHOO at $60. I recommended him to sell March 60 puts for 6 1/2. If YHOO drops below 60, he could make 6 1/2 per share after being put. If YHOO continue to fly, he could at least reduce his loss by 6 1/2 per share for now because he would pocket the premium. He can keep doing this until his position is covered (e.g, when YHOO is 70, he can buy back the 60 puts and sell 65 puts). BTW, it's hard to find cheap calls for YHOO for the strike price around below 70.

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