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Monday
Apr172006

Portfolio Trade - Yahoo Buy Write

Bought Yahoo (YHOO) at 30.93
Sold 32.5 Calls July at 1.70.
Size = 1/7 of full (max) position.

Yahoo took an earnings decline based on expenses like employee options but the online advertising just keeps growing.  I feel save owning this stock at these levels.  Intersting story on MarketWatch.com.

Disclaimer:  Nothing in this blog is meant to be specific financial advice or a recommendation to buy or sell.  I do not give investment advice.  Do your own research.  Do not rely on anything in this weblog to make investment decisions.  I do not log all my trades here. I only describe or mention those that I think might be interesting. Consult an investment professional familiar with your specific financial situation before buying or selling any security.

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