My strategy on YHOO from short strangle, short straddle, naked out of the money calls has changed to buying call, call spread, risk reversal, buying underlying, and naked PUT
Time : 8:56ET on Thursday YHOO rose yesterday S&P premarket is down about 0.4%. I believe YHOO should start to disjoint itself from the market and rise. YHOO at these levels (below 15) is very attractive.
Check out YHOO. Market is down and it seems that the strong upward trend has started for YHOO. Buy it now with a stop at 14.69.
I recommended YHOO as buy a few weeks ago when it was at 14.60. Today it hit $16 and based on my info from trusted sources, YHOO is a sell now. I will nibble in when YHOO goes back to 15.40. I sold all my long positions on YHOO today but I recommend shorting it only to seasoned traders.