Good trade on YHOO. Unlikely they will rebound before the morning. Profits easy to lock in at that time, especially as IV collapses. Same situation with IBM and INTC. Both down after earnings announcement. IBM killed street estimate, still down after the bell.
Mo*2 , thanks Cashe , INTC and IBM were not a good candidates for this type of trade(price away from the strike , not inflated Feb vols and credit < 40 cents)
Busy day...possible reverse calendars for today : EBAY , QLGC , AVCT, HTCH. Also looking to go long on ADTN (1/24) Feb 30 straddle.