Yes!

Yahoo is down another 3% today and trading in the low 23$ range. No really new news today. They warned a few weeks back and last night provided Q4 guidance which was down from expectations. I am long Yahoo with an average price of 27$. Today I am looking to add to the position and have been considering buying calls but am a bit gun shy due to my SBL experience.

Normally I would buy calls that are out 2-4 quarters but Yahoo at these prices with a few quarters needed to turn the ship around could be a take out target by MSFT or DIS. The idea was put in my head by somebody that follows the space much closer than I do and while I don't like take positions based on rumors/speculation I am already long so this is just a bonus that such a rumor exists. So, do I buy Jan 07 calls or April? Why not both?

Limit Orders are in let's see if they fill!