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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: Oeconomicus who wrote (6207)1/12/1998 7:12:00 PM
From: Michael Collings  Read Replies (1) of 27307
 
<< But 5700 is still a lot of contracts for one strike/expiry.>>

I think you may be wrong on the exchanges. Over 6,000 contracts have traded in the last month. I'll get you the exact numbers tomorrow.

<<Is this a NASDAQ rule? >>
Ususally at around 50% of the float being short, a UPC-71 is issued. It means that there are few, if any, shortable shares and that no trades over 10,000 shares can be executed. It is also a warning that shorts are at risk having their shares called. I have experienced shares being called only a couple of times and each time it was only a fraction of my position.
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