So kind of what I was hoping for. Sounds like a disruption in the Microsoft purchase of Yahoo with Yahoo refusing the offer, saying it's too cheap. I just have no idea what is going to happen to YHOO tomorrow. Either 1) people will get nervous and dump the stock (which makes me glad to have March 27.5 Put protection on my shares) or 2) the expectation of a sweeter deal (? $40 per share) will push the stock up. I have a feeling both elements will cause a volatile day tomorrow and I'm sure there's a lot of information that's yet to emerge. 1) followed by 2) would be my best case scenario.