Booking Holdings (formerly Priceline) Message Board

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Technology Stocks : Booking Holdings (formerly Priceline)

BKNG 4,910

-0.1%

12:59 PM EST

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To: Robert Rose who wrote (1365)	5/18/1999 1:35:00 PM
From: Danny	Read Replies (1) of 2743

Rob, I posted this strategy elsewhere, but maybe you are interested as well. In the time of downturn, it doesn't mean we shold not make money as well. I think now is the perfect time to buy some put options to protect our positions. Buy deep out of money June put which should cost no more than 4. This way, if Fed really raises rate today, or people really want to push the Inet sector lower, the put you purchase here will help you a lot. This is a way of buying some insurance, especially after having a great gain, like our cases. One more benefit of this strategy is that you don't have to sell your long stock positions (in order to buy back cheaper), and thus you could enjoy the capital gain tax benefit.

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