ALERT: We are closing the YELP call spread.
We are looking to close the YELP 70/72.5 call spread for a NET DEBIT of $2.00 - $2.15.
The current BID/ASK is $1.90 - $2.25.
As Always, try to split the bid and ask to get a fill.
Nevertheless, we must close this position out before the close today.
Google's numbers just dragged YELP right along with it, nothing you could have done as stock just blow up out of the gate this morning.
Although not as explosive or volatile this morning, We will also need to follow CLX and XOM today, to see if we need to act on either or both of those positions before the close.