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.
Next Resistance ~$50 is 0.38 Fib.
I have no position nor do I intend to start here.