GOOG today
- Thread starter Walther
- Start date
I just hope it stays calm 'till Monday...
:eek:
October 470 Calls about $1.00, if GOOG hits $500 after earnings 
I am thinking of buying 10 contracts for $1000. Hopefully sell on Friday for $30,000.
I am thinking of buying 10 contracts for $1000. Hopefully sell on Friday for $30,000.
Quote from forex-forex:
October 470 Calls about $1.00, if GOOG hits $500 after earnings
I am thinking of buying 10 contracts for $1000. Hopefully sell on Friday for $30,000.
Do you really think it's going to move 80 pts in less than 24 hrs??? Hey it's possible... what do I know?...
Additionally, the implied volatility on the october options was somewhere around 70% yesterday when I checked.... not exactly cheap.
Right now GOOG looks like it will do nothing much, if you look at the charts.
I think the earnings has already been factored in a couple weeks ago. The chart pattern just looks a little bearish right now.
RSI has touched 70 and is retreating..again. (Repeating pattern on the RSI and the CCI).
The only Plus is it has broken a lower top trend line, but I would be cautious.
Here is the movement GOOG has had after the last few earnings reports....
I think the earnings has already been factored in a couple weeks ago. The chart pattern just looks a little bearish right now.
RSI has touched 70 and is retreating..again. (Repeating pattern on the RSI and the CCI).
The only Plus is it has broken a lower top trend line, but I would be cautious.
Here is the movement GOOG has had after the last few earnings reports....
Quote from forex-forex:
October 470 Calls about $1.00, if GOOG hits $500 after earnings
I am thinking of buying 10 contracts for $1000. Hopefully sell on Friday for $30,000.
What might be semi reasonable... buy a closer strike and sell the next strike out. Like buy 450 C and Sell 460.