CLOSING THE $YHOO Options Action trade (scott)

20 oct - nope, didnt forget about this one.. full loss with stock closing under 16.. dont know why the "pro's" keep messing with this one..look at the trading range for the last year.. unless you have been selling monthly 16 covered calls , not much has happened. going out 6months didnt help this trade either.

14aug - did you forget about this one? if you followed in on this trade is going for about .25 now, so a 75% loss if you are still holding with 2months till opex and stock under 15 today. see all of scott's on-air trades in this -->google docs spreadsheet


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apr 9  - on tonights Fast Money segment for Options Scott recommended the following trade on YHOO essentially as a lotto ticket on a someone buying yahoo for the patents. here is the clip from tonights show: Scotts Options Action hit

Buy the Oct16 call for $1.10

i dont like this stock so first off i would not do this trade.. if i was going to do a lotto ticket trade i would do it on something else. my only suggestion would be to maybe do a call spread to lessen the cost of this and accept a lower potential max gain. will add this trade to the running spreadsheet im keeping.