GOOG today

GOOG was my savior on Friday after a poor run of trading reports during the week. A short on GOOG at the open netted 12 points for the day, leaving a plus for the week of over 10 points.
 
Quote from hajimow:

I covered my Call 390 at loss ouch :(
No GOOG position anymore.
One great trade on RMBS:
RMBS is at 38.50 or something. If you believe it will stay below 40 today short the stock and sell naked put for 40.25 . You will get 0.25 per share for sure. Put them as a combo order

Jesus Man... you do realize you're advocating selling a $40 call with the short stock/short put? Why on Earth would you trade the stock/put when you can sell the call? Short $40 put/short stock = synthetic short $40 call.
 
Quote from easyguru:

Thread split in to two. The discussion about synthetics on RMBS is in new thread under Options forum.

Took my "Short." post with it as well. :D

GOOG is a short now.
 
Down the drain it goes...

The question is if this is just normal profit taking after the 335 to 450 runup or something more serious...
 
Quote from capmac:

Down the drain it goes...

The question is if this is just normal profit taking after the 335 to 450 runup or something more serious...

You'll own the world if you know that.

My own take is that it's normal profit taking. The mo-mos are playing elsewhere now. It's gone up too quick and too fast and needs consolidation. Maybe it's a bear trap.
 
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