[Entering Position in Yahoo (YHOO) LEAPS Calls/Buying to Open Jan '09 25 Calls (VYHAE)/Day Order/Limit $5.60]
Dear Member:
Yahoo (YHOO) has popped up off a low on news about some positive revisions in its' search abilities. The Jan '09 25 calls are attractive at a limit of $5.60 on a day order. I like the looks of the turn on the chart and an exit isn't far away if I'm wrong on the direction. Buying LEAPS calls also sets me up for the future if I choose to create a spread to reduce risk and bring in income.
DISCLOSURE: At the time of publication, I have no position in the referenced LEAPS or the underlying stock.
Sincerely,
Bill Kraft
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