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: SouthFloridaGuy who wrote (14103)	10/1/1998 10:22:00 PM
From: Dwight E. Karlsen	Read Replies (1) of 27307

Buying open options on a stock like this is utterly ridiculous. Maybe, but I'm glad I hold an Oct YHOO 120 put, bought at $8. I'm effectively short 100 shares at 120, which would have costed $12,000. Except it only costed me $800. True, it's a risk I could still lose the $800, but as long as I close at the right time and price, the trade will be a good one. My only question right now is not what the price will be a year from now, but what will be the lowest price YHOO go between now and Oct 16th? I'm looking for next support. Have to check the charts yet tonight.

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