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: BradC who wrote (15461)	11/23/1998 10:58:00 PM
From: HoyaBob	Read Replies (2) of 27307

If it expires unexercised, then I keep the premium. I'll simply write another call and lower my cost basis. In your rather drastic example, if one wanted to stay in the position, there are many ways to repair the damage (i.e. drop from $200 to $50), not the least of which would be to average down. Volatility is to our advantage. It took me years to learn these techniques because nobody clued me in, least of all my former brokers. I recommend trailing stops, etc. if one fears the roller coaster. When it comes to YHOO, it is a trading stock for me, not an investment. Money which I make from trading stocks either pays my expenses or goes into other investments. My one caution about YHOO is that it may well be a wise investment, not just a trade.

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