Ever have one of those days?
The other day, we issued an exit alert on half of the YHOO November 42 put, and labeled it as a call, causing some confusion.
If you didn’t jump out of those puts the other day for quick gains, you have another opportunity to do so today. Yahoo is flopping – as expected – right after the Alibaba IPO hit.
The new IPO – BABA – looks like a massive disaster at the moment, pulling back $2 this morning. But when it starts trading options next week, as expected, we have plans in place to profit massively from the future of this beast.
If you bought into the YHOO PUT (see, I said put this time), exit it today for maximum gains of 45% in a couple days. While we believe YHOO could pull back a bit more, we can’t get greedy here.