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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: joe feirouz who wrote (12452)7/9/1998 2:44:00 PM
From: Jock Hutchinson  Read Replies (2) of 27307
 
The best way to short Yahoo is to go short the 60 calls. There is virtually no premium in even the October 60 calls, since they are priced at about 135; you get more leverage than you would with an ordinary short; there is no way you will be subjected to a short squeeze, and you don't even need to work with the uptick rule. The floor traders here in Chicago have gotten filthy rich pricing the outrageous spread prices on various YHOO puts and calls--so buying puts is generally a very dumb idea given the premium one pays.
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