Goog

Quote from tentenequals20:

I had a bullish July call spread 530 long, 570 short
I am all losses now :( wiped out

any repair advice from good souls pls help
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Repair strategy for a position 12 handles otm with <4 hours on LTD? You're joking, right?
 
Had to come back to the GOOG calls...it's going higher again and this is easy money I think again...too many wanting to buy this...might go on a tear now that it's hitting new highs for the day.

Cheers! :D
 
Quote from stock_trad3r:

550 seems like an easy target within the next few weeks

only 30 points away and google can easily go up 10 points in a day
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The company is still a darling because their top line growth kicked ass and I actually saw some analysts raise their estimates...those same fucks will be dip buying this stock no matter what. It's going to see $530 at least next week probably unless there is complete market shutdown. I'll make an easy $10-20k me thinks in the next week.

Man, if only patience were easy and waiting around for opportunities like this was a simple task and not some hard to master psychological feat. :D
 
Quote from atticus:

Trading $82 with spot at $515.
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Kick ass trade. Vols drop 1 pt in Jan 08, spot wtf down, still a winning trade. This is what options are all about. Screw direction.
 
Quote from ajna:

Kick ass trade. Vols drop 1 pt in Jan 08, spot wtf down, still a winning trade. This is what options are all about. Screw direction.
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Thanks. Vols are running 27% on the 550 strike, down from 30% when I shorted. Key to remember that the straddle was short delta due to the implied forward to Jan08 on carrying the 550 strike. It would not have earned a penny had we rallied 30 on spot.
 
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