For those who have shares of YHOO (like Stan J and others in Real Life Trading) volume came in nicely in YHOO recently. Nice bounce off of the 50 EMA . I think YHOO goes higher into $41 ish .
I wouldn't specifically suggest just BUY YHOO here to simply do the covered call. But I am more bullish to neutral on it.
Covered call video here: http://reallifetrading.com/videos/how-to-trade-covered-calls-in-real-life