Yahoo is seeing bullish stock and call action ahead of its earnings report Tuesday.
The company closed yesterday up nearly 3 percent to $14.43, back near its highest levels since early November. The stock has been in a steady uptrend from its Nov. 20 low of $8.94, but the 52-week highs from May 2008 are still 100 percent away from current levels.
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The options action yesterday was in the May 15 calls, where more than 31,000 changed hands, according to OptionMonster's proprietary tracking systems. The largest block of 25,000 traded for $0.77 and was, in itself, larger than the entire open interest of 19,664 contracts.
Yahoo is scheduled to issue its quarterly report after the market closes Tuesday.
Chris McKhann is an analyst and writer for OptionMonster.