Yahoo (YHOO) loses 4 cents to $16.09 on the day and recent trades include a three-way, in which the strategist sold 4,000 February 16 calls on the Internet giant to buy 4,000 March 16 – 18 call spreads, paying 23 cents for the three-way and possibly rolling a bullish position out one month. YHOO saw high volume last week after Alibaba’s CEO mentioned the possibility of a complex deal, which would involve taking Alibaba’s Hong Kong unit private. That, in turn, would give Yahoo — Alibaba’s largest stakeholder — cash and an interest in one of Alibaba’s operating busesses. YHOO shares edged up 2.3 percent on the headlines Thursday and Friday. Today’s spread trader is possibly rolling the position to March on the view the stock will continue moving higher over the next 32 days.