YHOO is at 15.51 now ( 10:14 AM Thursday). call 16 that will expire tomorrow should worth no more than 1 cent specially we are after earnings and volatility should have come down but strangely it is traded 5 to 7 cents. Something should happen imminently or some investors are burning their money.
check out price action on YHOO todayn something must be happening. Rumor is that FB is settling the lawsuit in cash.