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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: Chuck Molinary who wrote (14305)10/5/1998 2:57:00 PM
From: Glenn D. Rudolph  Read Replies (1) of 27307
 
I did understand each word you said. Kudos on an excellent position. Since you were so
kind to post your entry to this position, could you discuss your exit strategy?

If you're called away on one side or the other, will you immediately close the other side?
Or, if stock is within 110-125 at expiration will you write Novembers?


If the stock is between 110-125 at expiration, I will write Novembers. I do not have an exit strategy as of yet. I suppose because do not know how YHOO will act after earnings. If YHOO is slightly in the money above 125 or below 110 at expiration, I will likely close the option in question and again write Novembers. That really is the current plan.

Glenn
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