I've never bought into the chatter that YHOO will sell its search business to MSFToutright. The new rumor that began making the rounds this week -- courtesy of BoomTown -- is closer to making sense. Supposedly, Yahoo! will populate the Yahoo! and Microsoft platforms with display and paid-search ads, with Microsoft handling the tech side of things and possibly investing in Yahoo! itself.
June Strike 13, 14, and 15 calls are very appealing. Even the deep in the money calls strike 15 offer .36/share in intrinsic time value. Of course strike 14 and 15 offer more intrinsic time value but less downside protection against the underlying shares. But, what is the probability that shares will see 13 by June option expiration? Not a chance!