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

To: Howard Hoffman who wrote (18813)	1/21/1999 11:18:00 PM
From: memflyken2	Respond to of 27307

Heven't looked lately at what the Jan00s are going for now, Howard; (it's bad luck to count your money at the poker table when you're on a roll, you know), but I got my last batch when we were still in the 400s, way, way out of the money: 80s, 90s, 100s, for chump change, a buck or two a contract, some even less... Seemed that the crafty bear thing to do was to load up way out of the money, thereby controlling as many shares as possible for as little expense, rather than screwing with the 200s and 250s which carried such ridiculous premiums... As you've often said, hh, there is no floor for YHOO. Once we crack through the various support levels, it cannot help but plunge down to the levels where you and I might actually buy the stock of this good little company, say, oh, 45. And at that point, believe me, I'll have plenty of money to do so... That's just one man's strategy, folks, no more or less foolish than anyone else's in this Mad Hatter's Tea Party environment. We'll see, won't we, we'll just see. Good luck to all bulls and bears, everywhere!

To: Howard Hoffman who wrote (18813)	1/22/1999 5:14:00 AM
From: Simon Withers	Read Replies (1) \| Respond to of 27307

<The signs of impending doom were so clear that I restricted myself to Feb puts. The time is now. Even the Feb puts were very expensive. Jan '00? Are those even available yet? I have no idea what will be a year from now> Agreed - I've got April 170s which are starting to show a nice profit, but the premiums were ferocious. I wasn't aware that you could buy anything further out than July '99, but then I got this message from someone in a Compuserve forum (remember those?) <<<Yahoo has options until jan 2001. the jan 2000 100 put costs something like 5$. I think it is not very expensive. The implied volatility is the same as for at the money options with the same duration. I am a professional options trader and I hardly see out of the money puts piced on the same volatility as at the money options, so I think it is quite cheap. Well, maybe not if you realize the stock has to fall 75% before you start making any money, but if the sentiment for internetstocks changes, people will start to pay enormous premiums for downside protection. What I am saying is that I am looking to sell my puts once the pannick start. The bloomberg code for leaps on Yahoo is YHOOO US <equity> OCM.>>> Worth checking out, no? Of course that was back in the heady days of last week, when Yahoo was riding high, but even then $5 for a 100 Put a year out seems incredibly cheap. Simon