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Yahoo Vol Follow-Up
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Posted on 11/20/09 at 5:35pm by Michael J. Zerinskas
Earlier this morning I reported that Goldman Sachs issued a research report to its clients regarding Yahoo (NASDAQ: YHOO). This story was played up on many websites today and low and behold we have a massive trade in the Jan 2011 contracts not soon after.
One trader sold 20,000 of each the 12.50 put and the 17.50 call, while also purchasing 20,000 20.00/30.00 call spreads. They did this for a total credit of $0.78. This trade allows them to profit it the stock falls between 11.72 and 18.28 or if the stock rallies above 20. They will lose money between 18.28 and 20, however.
Who says Goldman doesn’t move the market?
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