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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: yard_man who wrote (5158)12/29/1997 3:34:00 PM
From: Oeconomicus  Read Replies (3) of 27307
 
Sell calls, buy puts for same exp close to same strike. Use the credit generated to buy near term protective OTM calls while waiting for the stock to tank. This approach provides added leverage, and increased, but limited risk.

Barry, in other words (1)short the stock and buy a call or (2)simply buy a put. These positions and the one you suggest are all essentially the same and any significant differences would tend to be arbitraged away by players with lower transaction costs than even an AmeriTrade customer.

Good luck.

Bob
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