Seeing some buying interest in the Yahoo (YHOO, news, chart) July 25 and 27.5 call options in recent trade on speculation that CEO Yang could step down. Shares are down 25 cents to $24.39 and 12,500 of the July 25s and 4,400 of the July 27.5s have traded. Shares hit a high of $24.80 as the chatter made the rounds, up 2.5 percent from the worst levels of the day ($24.17).
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Frederic Ruffy is a well-known trader, writer, and strategist who has spent years educating investors and creating intelligent, insightful, unbiased market observations that are frequently cited by the Wall Street Journal and other financial publications. As senior analyst, Fred provides frequent and regular notes and daily updates for activity of interest.