Trading time on YHOO

Now the trade is to sell Call and PUT for 16 for tomorrow's expiry day ( I highly discourage novice traders doing this trade) If YHOO moves sharply in one direction, you are cooked.
I will sell at 16.10 and will start to buy at 15.90 and lower. I believe YHOO will close at 16 tomorrow.
 
Now is a graet time to take profit. I closed all my naked PUTs with great profit and sold all my shares. There is no deal yet and all is still rumor. While I am still bullish on YHOO but I believe it will retreat below 16 again to give a better entry opportunity. I don't recommend shorting it. Just take profit and stay on sideline.
 
YHOO is at 15.97 now. Time to load up again at any price below 16. It will go to 16.30 and above this week even if there is no deal.
 
Quote from newwurldmn:

sold some yhoo mar 14 puts here.
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Very defensive trade.
I am expecting a bounce from day low. Asian deal was not a done deal and market overreacted when the deal fell off.
 
Quote from hajimow:

Very defensive trade.
I am expecting a bounce from day low. Asian deal was not a done deal and market overreacted when the deal fell off.
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If they can't get the asian deal done, can they get any deal done?
 
Call 16 for Feb 17 is still traded at 4 cents. i believe some big traders are preparing for a big short squeeze. Today it was mostly margin liquidation.
 
Quote from newwurldmn:

If any possibility of a deal is off the table, what is this company worth?
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There are many possible buyers. Alibaba as buyer to buy its own stake from YHOO fell off. YHOO is still a profitable company with great patents and big stakes in Asia and Japan
 
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