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: Rational who wrote (7654)	2/26/1998 8:56:00 PM
From: Michael Collings	Read Replies (1) of 27307

<<IMO, this informed trader is simply writing April 40 calls whenever there is an upward momentum, forcing the option specialist to hedge by shorting the stock. >> Sankar, that would mean that the open interest would be going up also and that didn't seem to be the case. This is more likely the seller of those options buying them back and forcing the specialist to cover his short position. I'd expect if this continues tomorrow, we will have heavy trading tomorrow. Could see a as much as 3,000,000 share day if the rest of those calls and shorts are covered. Like I said before, this is an interesting way to create a short squeeze. It is especially interesting that it started on the day the new short interest was reported, showing a drop in the short interest. I don't know anything about Softbank and subsidiaries so can't comment on that one. I doubt a split will have any lasting effect on the stock. Earnings anyone?

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