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xflat...thanks for the reply, sorry for being such a newbie. Time for me to do some serious research into implied volatility. I'll start by going through this excellent forum, seems to be some outstanding posters and information.

Today ( Oct 16 ) GOOG up 3.3 percent and the Nov 600 through 710 are in the red? This does not don't match up with the options calc... What the hell is going on?