Option trade idea on YHOO

Time proves that I am right on my trading idea on YHOO. It is still not late to get into that trade. Expect a big pop in YHOO soon.
 
Time : 10AM Friday 6/29. YHOO is at 15.69. Buying weekly Call 16 for 5 cents makes sense. Limited loss. Good possible reward.
Bid/ask was 0.04/0.05 when I posted.
 
<<< I have learnt that concentrating on a few stocks pays off better than jumping into new stocsk every day. >>>


As you will eventually learn, (probably the hard way), there is a HUGE middle ground in between the 2 extremes you have outlined above.
 
Quote from hajimow:

Time : 10AM Friday 6/29. YHOO is at 15.69. Buying weekly Call 16 for 5 cents makes sense. Limited loss. Good possible reward.
Bid/ask was 0.04/0.05 when I posted.

Money doubled in one trading day from 5 cents to 11 cents. We are taking profit.
 
Time : 10:19 AM ET on Friday.
YHOO is trading at 15.79. Again it has falled into a great buying range. Swing trading target is $16 and one month target of $17.
 
A possible trading idea is to sell 16 Call for July 13 and buy Call 16 for July 20th for a debit of 15 cents. maximum loss is 15 cents per share. Profit is unlimited (theoritically). In practice you might turn your 15 cents into a buck in two weeks.
 
Unbelieveable but it seems that there is still a chance of YHOO going above $16 today. Lots of buyers for Call 16 expiring today at 1 cent. I know they are covering(as short calls should be a little nervous) but no one is selling them.
 
Quote from hajimow:

YHOO is very strong in this weak market. Earning date is next week.

Not really. Below is a 1 month chart comparing YHOO to QQQ, I chose the 1-month chart because this thread is almost 1 month old.


Screenshot-2.png


:)
 
Quote from diaoptions:

Not really. Below is a 1 month chart comparing YHOO to QQQ, I chose the 1-month chart because this thread is almost 1 month old.


Screenshot-2.png


:)

I meant today and by the way I never recommend just buying the underlying. Your chart compares the underlying. Please go back and check out my recommended trades. You would have made about 60% in less than a month (the age of this thread).
 
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