SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Steve's Channelling Thread -- Ignore unavailable to you. Want to Upgrade?


To: Steve Lee who wrote (18)12/7/1999 4:30:00 PM
From: Steve Lee  Respond to of 30051
 
Looking at buying out of the money, YHOO puts.

Got this idea from Ike:
Message 12214810

Salient points about the reasoning behind this trade are:

1) Stock is overextended
2) Much of today's buying was one off demand from index trackers
3) Out of money puts are very cheap with a great deal of upside potential

Dec 280's are asked at 5 1/8. If YHOO doesn't dip at tomorrow's open, I will be buying some of these calls as a speculative play.