Monthly Perspective: 'Overly Optimistic' Option Trade

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Interesting trade today with 10,000 calls bought today for Jan 2015 $50 strike by some institution. Maximum upside strike!

My Perspective:
The trade is very long term but still worth noting. It's either a large upside bet or probably a hedge. This trade might just be the 1st leg of a larger trade to come in the coming months. Hard to start a pure long position at this price level unless you know something amazing about YHOO             thats not priced in. Risk-Reward doesn't suit me at least.
A long-term buyer here should wait for a deeper pullback to get in.
Strong Resistance zone $40-$44.
Next Resistance ~$50 is 0.38 Fib.

I have no position nor do I intend to start here.
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