Options Flow Summary: YHOO
Yahoo is trading two times its average daily options volume for the second day in a row. This comes after the news of Chief Executive Terry Semelís resignation. The flow is dominated by short-dated sellers, with a total of 41,900 contracts trading in the July 30 calls.
The stock has traded from $22.65 to $33.74 over a 52 week range, with yesterdayís high at only $28.34. This activity suggests that traders feel the upside potential for this stock might be limited for the near term.
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