Yhoo..

[Trinitytrader]

Quote from demoship:

Right, this was a $19 stock before the offer. But historically, after a company has a buyout offer, even if that offer is pulled and has little to no chance of coming back, the stock still stays elevated. I just don't think being long volatility is profitable. Any YHOO decline from this point on is going to be slow and gradual, not a whipsaw down.

That was my thinking with the Oct Puts, that gives you esentially 5 months to work with. I'm not looking to get exercised and own the stock I'm just looking for the value of my Put to increase and sell it at a profit. In the mean time I can also sell the Puts month to month and pick up the premium.