Put Spread on YHOO on 4/9/2013

Yahoo! Inc. (Yahoo!), is a digital media company. Through the Company's technology and insights, Yahoo! delivers digital content and experiences, across devices and globally. The Company provides online properties and services (Yahoo! Properties) to users, as well as a range of marketing services designed to reach and connect with those users on Yahoo! and through a distribution network of third-party entities (Affiliates). These Affiliates integrate its advertising offerings into their Websites or other offerings. Its offerings to users on Yahoo! Properties fall into three categories: Communications and Communities, Search and Marketplaces, and Media. Its offerings are available in more than 45 languages and in 60 countries, regions, and territories. In October 2012,the Company bought a mobile start-up company, Stamped. On December 5, 2012, it acquired a five-person video chat company. In February 2013, it acquired Snip.it. Effective March 20, 2013, it acquired Jybe Inc.

Stockwinners is bearish on this name fot the following reasons: 

1. The chart looks really over extended and seems to be ahead of itself 
2. Yahoo does not seem to have a plan to captalize on mobile and social media which is the hot trend now. 
3. Risk reward ratio is really attractive 

Trade Buy 1 May $23.00 Put at $0.57 Sell 1 May $21.00 Put at $0.15 For a net debit of $0.42 Profit/Loss Analysis Breakeven at $22.58 Maximum profit is $158.00 at strike of $21.00 Maximum loss is ($42.00) at strike of $23.00 Closing Summary Sold 1 May $23.00 Put at $0.00 Bought 1 May $21.00 Put at $0.00

Position closed on 5/17/2013 at price of $0.00 with a -100.00% loss in 38 days.

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