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

To: IKM who wrote (5145)	12/29/1997 1:15:00 PM
From: charlie	Read Replies (2) \| Respond to of 27307

I am still confused. If the market maker knows that the only purpose of these sales is to lock in the gain, why would he/she be holding these large number of calls? Should he/she sell it right away, or short against that call position? If I understand correctly, a market maker is not supposed to hold a large position for long. Charlie

To: IKM who wrote (5145)	12/29/1997 1:20:00 PM
From: purecntry5	Read Replies (1) \| Respond to of 27307

It seems as though every thread I visit has talk of YHOO and someone(s) shorting it. If it will not come down with EVERYONE and their brother shorting it, what is it going to take except some type of disappointment. IMO if this disappointment doesnt come shortly into the new year, there is a chance of a unprecedented short-squeeze/runup....FWIW I stick to my November prediction of lower 70's runup to earnings but with a spark it could skyrocket. Good Luck to everyone. Cowboy/Neither long or short YHOO Brett

To: IKM who wrote (5145)	12/29/1997 6:35:00 PM
From: Rational	Read Replies (5) \| Respond to of 27307

IKM: I noticed that April 60 Calls traded for $15, and April 40 Calls for $29. There is a difference of (60+15)-(40+29) = $6. If at all, April 60 calls should be cheaper because a price of $60 for YHOO is less likely than a price of $40; everything else is inherently the same for both contracts because it is the same underlying stock. Further, near-the-money calls should generally be active. For YHOO, the call writers (brokers) are promoting April 40 calls at a discount of $6. The call volume is very large for these calls. It is ominous in my opinion because the brokers must be thinking that before April the price may (or that they can make it to) drop to $40, keeping the April 40 calls actively traded until April when they make a windfall profit. By having most options contracts trade with the same strike price, the brokers can easily manipulate the stock price around the strike. Sankar