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

To: Don Westermeyer who wrote (5955)	1/8/1998 4:24:00 PM
From: fut_trade	Read Replies (1) \| Respond to of 27307

Perhaps, but I look at it this way. I'm almost in the money, but will probably lose everything by options expiration day. Now if I have 10 contracts, I can buy 500 shares of stock. Since the stock is volatile, if it moves down two points I'm ahead, and if it moves up two points I'm ahead. With my two successful daytrading days, I can now sell my puts at open tomorrow and still come out ahead. If the stock was now at 61, the only thing I would lose from Jan 60 puts is some of the profits it the stock crashes, but if it goes up, the puts are paid for and there is some cash left over. I think the stock will slowly move up now -- but I could be wrong.