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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: Bankceo who wrote (7512)2/19/1998 8:22:00 PM
From: Bill Harmond  Read Replies (2) of 27307
 
>>March 50-55 puts are an excellent strategy here---timing is right.

Let me get this straight. You're recommending that we buy March 50 puts? Why is that? There has to be more behind buying options with twenty days' life that are 20%+ out of the money than "common correction rule of thumb". We just had a 40% correction in October. Why another?

Good luck with your puts. Let us know how you do. Helluva way to run a bank. :)
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