S&P 500 Analysis & ETF Trading

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YHOO is looking a bit dodgy here. There does not seem to be a lot of confidence going into earnings, but you might not know by the call volume in the Jan30 calls. Over 21,100 calls traded at the 55 strike and that is not the only strike seeing big call volume. The 52 jan30 calls are over 19,000 contracts traded and amazingly the 57 strike is seeing over 18,000 calls traded. Put volume in the Jan30 weeklies is much lighter across all strikes. Looks to be some gambling going on.

The Feb contracts are not as hot and heavy as the Jan30 weeklies. The busiest strikes are 45 for the puts and 55 for the calls with over 11k and 13k contracts traded respectively. At this point YHOO is a big crap shoot.