Quote from ScalperJoe:
I don't play GOOG, but I've been burned on gaps over earnings so I know the pain.
You can hedge by selling a covered call or buying a put, or for any other stock you hold over earnings.
It's a lot safer and you can prevent heart palpitations when they announce. Also, we're going to enter the lull period soon, so not the best time to "gamble" on earnings.
Good luck.
