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Technology Stocks : Altaba Inc. (formerly Yahoo) -- Ignore unavailable to you. Want to Upgrade?

To: Jonathan Boyd who wrote (2457)11/5/1997 10:39:00 PM
From: Bill Harmond  Read Replies (2) | Respond to of 27307
 
>>Bought November 40 puts today at $.25.

Jonathan, It took the worst global market meltdown in twenty years to get Yahoo below 40 last week, for, what, a total of one hour?

If you're not expecting another (worse) meltdown this month, I think your money would be better given to charity.



To: Jonathan Boyd who wrote (2457)11/6/1997 6:59:00 AM
From: Mama Bear  Respond to of 27307
 
>>>Bought November 40 puts today at $.25. Do you hold puts or are you short the
stock?<<<

I used to do puts, but after Yahoo! put in some solid resistance in the upper 50s I started shorting. Nov 40s? I guess if it reverses you could get a double, but that's kind of lottery ticket odds. Good Luck!

Barb!


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