Yahoo Bull Call Vertical

Yahoo has had a rough week.  After gaping down into the mid 14’s there has been a reversal.  There was a short touch of the third standard deviation Bollinger Band and then a positive candle.  We also have two more candles above the second standard deviation Bollinger Band.  This area might be worth taking a bullish entry with the plan for reversion back to the mean.  This could be done with straight stock or with a SEP 15/16 Bull Call Vertical.  The options are liquid, but there may not be enough movement to make a small sized trade worth while.


Leave a Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.