That is good news. I was thinking about doubling my puts, but didn't. Still think there is only 1 bid (if any).
I am selling my shares at 16.10 to take short term profit. I believe I can buy them back tomorrow at 15.95-15.99 range. I believe YHOO will close at 16 tomorrow.
A good trade is to short straddle 16 expiring today. This trade is for professionals who can manage risk when needed
That was a good trade that I recommended. Now I am agressively selling PUT 16 for Jan 27. YHOO will rise soon above 16 and beyond. Tomorrow YHOO will come up with numbers.
I hope this works out for you. I continue to be short some YHOO Feb 15 puts, but in less size than in the past.
Tuesday 1/24/12 at 10:48 My observations on price action: Mild bullish sign. It looks like YHOO might close at around 15.85. Now it is 15.69. We should see it climbing above 16 after earnings.
Very good results indeed. Stock should go high now to not more than 16.50 unless a buyout happens. This report removed the downside risk from the stock so anything below 15.60 will be great buying opportunity.