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

To: put2rich who wrote (12470)	7/9/1998 3:39:00 PM
From: Daniel Ray	Respond to of 27307

While uncomfortable with a long-term position either way in YHOO, I think a short-term buy-write scenario makes sense here . . . buy the stock at 194, sell the July 195 calls for 9 . . . on any weakness from here go short against the box, and deliver the shares held long after expiration next week. Hey, it might not be a double, but I bet you can make 7% in a week with little or no downside this way, as long as you go short against the box on weakness (but not on strength please!) Anyway, just a wild idea I had I thought I'd throw out as a counter-balance to the 'it's going to 300 next week' and 'it's tanking big time' sentiment. . . . An please, if you don't understand options, don't pick this stock to get your feet wet! Due your own due diligence. My opinion carries no warranties of any sort!!! Hey, if I was able to predict the future I wouldn't even need to speculate in the markets. . . . Best luck to all!