Apple’s not the only tech story capturing traders' attention. Yahoo will also release earnings on Tuesday.

But it's been a tricker trade than just buy and hold.

So to increase your odds of success, we turn to Mike Khouw of Cantor Fitzgerald who suggests gaming Yahoo! with options.

Here’s his trade:

Yahoo Options Chain
Sell May 18-Strike Put For $0.80

Yahoo Options Chain
Buy June 18-Strike Put For $1.00

How Mike's Trade Make's Money - stock at $18.00
Losses Above $19.50
Profit Between $16.50 - $19.50 BY MAY
Losses Below $16.50

Learn more about this trade. Watch the video now!

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Trader disclosure: On Apr 19, 2010, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders;  Karabell Owns (GS), (C), (IBM), (FCX), (MON); Jon Najarian Owns (XLF) Put Spreads; Jon Najarian Owns (MS), Is Short (MS) Calls; Jon Najarian Owns (BAC), Is Short (BAC) Calls; Jon Najarian Owns (C), Is Short (C) Calls; Jon Najarian Owns (JPM), Is Short (JPM) Calls; Jon Najarian (CME), (CME) Puts; Jon Najarian Owns A Seat On CME; Jon Najarian Owns (MCO) Puts; Grasso Owns (DYN), (LPX), (ASTM), (ABK), (AAPL), (BAC), (BGP), (C), (CVGI), (COST), (JPM), (NEM), (PRST), (WMT), (PFE), (BA), (T);  Seymour Owns (BAC), (AAPL), (BAC), (FXI), (MSFT), (MPEL); Adami Owns (AGU), (C), (GS), (INTC), (MSFT), (NUE), (BTU); Pete Najarian Owns (C) Calls; Najarian Owns (YHOO) Calls; Finerman's Firm Is Short (IYR), (IJR), (MDY), (IWM); Finerman's Firm Is Long S&P Puts; Finerman Owns (AAPL); Finerman Owns (BAC), (BAC) Preferred; Finerman's Firm Owns (BAC), (BAC) Leaps; Finemran's Firm Owns (GLW); Finerman's Firm Owns (IBM); Finerman's Firm And Finerman Own (JPM); Finerman's Firm Owns (WFC) Preferred

For Tim Seymour
Seygem Asset Management Is Short (DB), (X), (VALE)
Karabell Owns (MON)

For Brian Kelly
Kanundrum Capital Owns (RAX)
Kanundrum Capital Owns (S)
Kanundrum Capital Owns (TLT)
Kanundrum Capital Owns (MORN)
Kanundrum Capital Owns (BX)
Kanundrum Capital Is Long U.S. Dollar
Kanundrum Capital Is Short (CME)
Kanundrum Capital Is Short Euro
Kanundrum Capital Is Short Yen
Kanundrum Capital Is Short Pound
Kanundrum Capital Is Short (XLV)

For Dennis Gartman
Funds Managed By Dennis Gartman Are Long Gold Futures
Funds Managed By Dennis Gartman Are Long Canadian Dollar And Australian Dollar

For Mike Khouw
Cantor Fitzgerald & Co. Is A Market Maker In (YHOO)

For Steve Grasso
Stuart Frankel And Its Partners Own (CUBA)
Stuart Frankel And Its Partners Own (GERN)
Stuart Frankel And Its Partners Own (HSPO)
Stuart Frankel And Its Partners Own (MERC)
Stuart Frankel And Its Partners Own (NWS.A)
Stuart Frankel And Its Partners Own (NXST)
Stuart Frankel And Its Partners Own (NYX)
Stuart Frankel And Its Partners Own (PDE)
Stuart Frankel And Its Partners Own (PFE)
Stuart Frankel And Its Partners Own (PRST)
Stuart Frankel And Its Partners Own (RDC)
Stuart Frankel And Its Partners Own (TLM)
Stuart Frankel And Its Partners Own (XRX)
Stuart Frankel And Its Partners Own (SDS)
Stuart Frankel And Its Partners Are Short (QQQQ)
Stuart Frankel And Its Partners Are Short (CL)
Stuart Frankel And Its Partners Are Short (AAPL)




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