On April 12, I mentioned about unusal options activity in Yahoo (check out here) that someone bot 20K Yahoo Oct 40 call options when the stock was still 28% below the strike bought, now I am sure, today is that person’s happy moment as the stock is up over 15% in pre-markets on Microsoft’s interests in Yahoo news.
Check out the story here (click for Yahoo and MSFT story)
Unusual trading, Profitable trading, OptionPundit
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