YHOO has ben down for 3 days and the close on Friday was 15.52. The drop was the reaction to the new CEO. I believe that YHOO will start going up to 16.30 in 5 days. Time to trade the stock or buy some calls or sell PUTs.
I see no selling pressure. This might cause the buyers and traders to jump in and commit themselves to shares. These are just my thoughts and observations.
I was wondering where you had gone. I think a stock market friendly deal is less likely now. I am surprized the stock is as high as it is as they even said YHOO will remain a public company in some form: no one will be able to buy the the domestic business.
I was on vacation. I am doing good by selling PUTs. I am not expecting YHOO to go to $30. $17 to $22 is the probable range.
I've been doing the same and it's been good to me. Though vol's not what it used to be so i have cut my size a lot. I think the takeout is 16-17
I made 22K on selling PUTs and covered calls on YHOO on just December. I am bullish on YHOO but I don't buy calls. I sell puts and then if I get assigned, I sell covered call. I was doing this on 15 strike price a couple of months ago but I switched to 16 as the price went up. I have a little over 300 contracts naked PUTs.
YHOO has recovered early losses of today and is almost flat now. Considering the fact that GOOG is down over 4%, YHOO stood up well today.
Something is happening. Stock started to move up and 30000 Call 20 for April was traded today at 0.1. Lots of other call activities.
Ummmmm..... I like what I see AH. Time to buy now. Tomorrow is later than today. YHOO at $16 is a teal. Please don't start the old story of comparing it with GOOG. You buy YHOO for takeover reasons.