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

To: LoLoLoLita who wrote (7958)	3/7/1998 1:25:00 AM
From: Michael Collings	Read Replies (2) \| Respond to of 27307

If you can't short the stock, you might want to consider shorting the deep in the money calls. If you are just trading you can make close to the same points if they are deep in the money, say the July 50's... I'd suggest the July's or October's so you have plenty of time. If I'm not mistaken the July 60's are around $23. The 70's were bidding around $17. You should know that similar to shorting stocks, shorting uncovered calls involves unlimited risk. I'm surprised anyone can get AMZN to short as it is UPC 71 restricted. But YHOO is not, so there should be shares available. Some firms just don't want the liability when the stock is racing up. I read on one post on AOL that one of the firms called the stock when it was trading at 61. That's pretty unusual. However, when the stock is racing down it is almost impossible to borrow it from anyone. I bet the guy is mighty happy about having his stock called away from him now!