Option trade idea on YHOO

I'm short a few of these as well. About 10% notional of my account.

 

Good trade. I have 375 contracts of them. My average is 24 cents. I have been adding to my position gradually.

 

Goal achieved in less than 24 hours. Trading at 15.85 pre market now. Take profit.

 

YHOO hit 16.20 today and it is trading at 16.10 now. I am shorting at 16.10 and above. arget is 15.90 for a quick profit. Tis should happen in a couple of days. Tomorrow it might close at 16 because of option expiry day. Buying 16 PUT for October can be profitable. You should not wait till it expires. Take profit when you can.

 

My last recommendation was also right in the money. Now YHOO is trading at 16. Now my new recommendation:

Sell YHOO at 16 or above and cover it at 15.80. This is a short term swing trade. You can also sell weekly 16 straddle.

 

do you charge, for your recommendations?

marc

 

No they are free. Now YHOO is trading at 16.22. It is a pure short at this price. You can cover it at 15.90 in a few days. Now YHOO is getting overbought. Don't use all your ammunition to short it. I don't mean that it may not go a little migher but the risk/reward to short it at current range favors shorts.

 

Tme : Wednesday 10:05 ET.
YHOO is trading at 16.02. YHOO is a short today based on several factors (market and YHOO chart related ). Cver price is 15.70 to 15.80. This is a short term swing trade.

 

Time: Friday 2:56ET.
YHOO is trading at 15.85. Cover your short and go long. Target 16 to 16.10. Monday YHOO will announce the numbers.
Option strategy: Risk reversal.

 

YHOO is trading at 16.70 now after theearning announcement. YHOO is a sell at this price. If you have been following my trading ideas on YHOO, you know that my recommendations have been profitable. Trade ideas on YHOO:

If you are long on shares sell them.
If you are a seasoned trader, short it
Option trade idea is to sell PUT and Call 16 for November.