RE: Cramer's option strategy for Google

[Kramer_Hedge_LA]

I subscribe to the Street.com and I recently saw an article about a trading strategy Cramer has for google. He says to buy "deep-in-the-money options as they go down and then as they go up, selling common against them, because they lose their premium."

I am confused by what he meant about "selling common against them." Does he mean shorting google shares as the google call option prices increase when rebounding after hitting a bottom?

 

[HedgefundTrader2]

Quote from Kramer_Hedge_LA:

I subscribe to the Street.com and I recently saw an article about a trading strategy Cramer has for google. He says to buy "deep-in-the-money options as they go down and then as they go up, selling common against them, because they lose their premium."

I am confused by what he meant about "selling common against them." Does he mean shorting google shares as the google call option prices after rebounding when hitting a bottom?

The whole thing is bizarre.

I saw that cartoon talk on his TV clip. Jim Cramer looked like he has snorted cocaine from a long pipe. The whole things is a bizarre rant with no meaning at all , meanwhile interviewer Farnooshi looking at him like a dove seen a hawk.