GOOG earnings long straddle?

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...:)

Just bailed out of the 460c @.15...going to let the Long 470c expire on Fri. (This was just for insurance).
Another good month for GOOG Spread.
 
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