I bought Yahoo put options for a 22.5 strike price expiring in July.
Apparently there are enough fools believing a deal with Microsoft may still happen. slowing the free-fall of Yahoo’s stock. It has levelled out to around 24.90 (down 13.15%).
To see the future of how this Yahoo mess will play out, go to Fake Steve Jobs.
I guess it’s good Yahoo is based down in California. More tech companies their engineers can run off to.