Yahoo Traders More Bullish Than Ever Before Alibaba IPO: Options
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With Yahoo! Inc. set to reap a multibillion-dollar windfall from Alibaba Group Holding Inc. going public, options traders have never been more bullish.
Calls giving owners the right to buy Yahoo’s shares are near the most expensive level ever relative to puts, according to data on six-month options compiled by Bloomberg. Among the eight contracts with the highest ownership, seven are calls.