GOOG earnings long straddle?

Quote from Arnie Guitar:

I sure hope I'm on the right side this time........

yeah, I know, if I knew greeks, I'd know for sure!

I was about to suggest you a good GOOG trade , but...
 
Quote from jllm03:

When I entered the spread before noon Friday, GOPGL (460c) was @ 3.0.
GOPGG (470c) was@ 1.6 for 10 contracts each.
I received $2965 credit for the 460 and paid out $1600 for the 470.
If it stays below 460....I am happy...I get to keep the Credit.
If it gets near 460, that will be close to my breakeven point, and I will buy it back.
I love to do my spreads on a Fridays with only 1 or 2 weeks left...Time decay is my Best Friend...:)

Well. it is close on Friday and 8 days left on the options...
My 460c / 470c are sitting pretty good.. .(40/.25).
Take off a little time decay for the weekend.
Will probably let the the 460 call expire, unless a big move to around 430 or so, but I do not see it getting there.
 
Quote from jllm03:

Well. it is close on Friday and 8 days left on the options...
My 460c / 470c are sitting pretty good.. .(40/.25).
Take off a little time decay for the weekend.
Will probably let the the 460 call expire, unless a big move to around 430 or so, but I do not see it getting there.

I'd find it hard to resist closing it out for $.15 with a week left.
 
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