YHOO awesome, MAGS retriggers. No way we would have held that much YHOO long but the more it pulled back the better were the chances and we got 2 days of downside as well. Of course the puts are worthless, but they were cheap and locked in profits there as well by the time we had the earnings run in YHOO in the early afternoon.
Straddles/Strangles (started well before the report) with the trending position first is the only way to fly, and supplement stock positions that are over $45 a share. Being flat through the report is a waste even DNA is the second call option in over a week after locking into the 100's and 105's. Of course we did lose the puts but the DNA target is at least 115 maybe higher.