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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: David A. Stern who wrote (15442)11/23/1998 4:44:00 PM
From: HoyaBob  Read Replies (1) of 27307
 
YHOO as Income-producing resource: Rather than fret about its valuation, use it as a rentable resource. Sell covered calls, or do a bull spread. Problem is in trying to figure out where to set the valuation. I wrote Jan calls at $200 2 weeks ago and thought I was high ... now I'll have to chase calls to repurchase and rollout -- unless its price bursts. But at least I have guaranteed a nice gain, to be taxed next year unless I'm called early.
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