$100 Roll in YELP

This topic has 1 reply, 1 voice, and was last updated 12 years, 1 month ago by Steven Place.

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February 11, 2014 at 2:05 pm #2498

Steven Place
Keymaster

After a strong showing after earnings, YELP is consolidating and looks ready to roll to 100. This is a big psychological level that will act as a magnet.

I like buying some OTM call calendars here as it reduces my downside risk if I’m wrong.

Buy YELP Feb/Mar 100 Call Calendar for 2.95 or lower

A loss of 87.12 will stop me out.

February 24, 2014 at 9:40 am #2499

Steven Place
Keymaster

The front monht option has expired worthless… now we will roll to a vertical spread by selling the Mar 105 calls for 1.20 or higher.
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