[Opening Bullish Spread on Yahoo (YHOO)]
Dear Member:
Yahoo (YHOO) popped today on news of a possible acquistion or takeover by Microsoft (MSFT). I like the $32.50/$30 bullish put spread which is offering a 31.5% return on risk in two weeks if YHOO stays above $32.50 until expiration and no adjustments are made.
I am placing an order simultaneously to buy the May 30 puts (YHQQF) and sell the May 32.50 puts (YHQQZ) for a credit of $0.60.
DISCLOSURE: At the time of publication, I have no position in the referenced options or the underlying stock.
Sincerely,
Bill Kraft
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