Big Ratio Spread on Yahoo (YHOO) Targets $27.50 a Share
Read the full article: http://whatstrading.com/2008/07/08/yahoo-inc-yhoo-2406-063/
Yahoo (YHOO) call options have seen two days of brisk trading. Some of Tuesday's volume was tied to a substantial ratio spread, which involved the purchase of 70,000 YHOO October 25 calls and the sale of twice as many October 27.5s. The spread is a directional bet for a move higher, and one that yields its best profits if YHOO settles at $27.50 at October options expiration.
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