The YHOO games continue.  For my part, I rather hope the games continue for several more months.

I sold 4 YHOO Jun08 30 Covered Calls, 2 in my taxable account and 2 in an IRA account for a net deposit of $100.50 in each account or $201 total.  My basis is now $24.40 and $25.81 respectively.

I also have 4 YHOO Jul08 27.50 Puts outstanding in each of these two accounts.  YHOO closed at 27.48 today so these are just barely underwater right now.  A lot can happen between now and July though, good and bad.  You may remember that I rolled them out on May 5 after MSFT walked away the first time.  This is another reason that I hope that the YHOO games continue for a few more months.