Option Trading College

Subject: A month in the life of a call option
Instructor: The don Franko

Length: 3 sessions

Training  Home

Session 1 Did you know

 

There are many places on the internet to get options information, advice, suggested plays and a whole lot of sizzle, but hey...where's the steak?

 

So many people come into the options trading world with visions of grandeur, rose colored glasses, reckless abandon and down right dumb luck. They throw their money into an arena that is the most competitive place on the planet; with some of the most talented people who happen to have front side information, robots, proprietary trading tools and tactics and then comes along the new/novice traders who expect to extract profits from the same market place? Pullease!

 

You, the unsuspecting novice trader, are up against ridiculous odds and odds makers (market makers) who have the decided edge over you in the short run; and you must rely on luck first, then skill, if you hope to make a consistent profit at this game. For years I was elated and then crushed emotionally as I navigated through this literal field of financial land mines called options trading.

 

Sure, I took some training courses, then took some more and more, but these "gurus" I entrusted my hopes and dreams on, gave me knowledge that all too often proved useless in the real world of trading. In fact, I found their training more on the level with information peddlers selling convoluted knowledge vs. real experience; and more importantly, the lack of actual proof of consistent profits using their knowledge.

 

With that said, I have decided to do some real homework for you and give you a very good dose of reality in the ups and downs of an option trade—a "real life" experience!

 

For the next full option trading month, I will post the daily opening and closing prices of four option prices: ITM, ATM, OTM and DOTM. We will watch how these option prices are effected by the stocks movements throughout the month. I will also ad comments as we go along helping you understand what is going on. I know this will open your eyes in a way you may have not seen before and bring home the need for you to really consider buying ONLY options that are ITM for short-term day/swing trades.

 

I am going to pick a very hot and volatile stock as our example. Now if you currently trade in the financial markets, then you know the hottest stock as of this writing is GOOGLE (GOOG). This stock will check your gut tolerance and them some. As we progress, you will get to see how the option prices react to an earnings run and more importantly, how it behaves after earnings are released....this is going to be fun!

 

Trading (Start Here)

 

Controlling Losses

 

Calls

A month in the life

 

Puts

A month in the life

 

Day Trading Intro

Charting

Covered Calls

L.E.A.P.S.

Spreads

Naked Puts

Naked Calls

Compounding

Pair Trading

 

PORTFOLIOS

 

Model Portfolio

Day Trades

Lotto Trades

 

Members

Training Links

 

Bull/Bear 180's

Day Trading

Risk Free Trading

Hit Options Lotto

 

Session 2 Making heads or tails of an option trade

 

Have you ever wondered how a front-month call option reacts to the day-to-day changes in the price of the underlying stock? I would venture to say you, like most options traders, have never followed the life of an option for an entire month. Most of the time we are playing a guessing game and gambling for a big score only hoping we made a correct choice before our option expires worthless.

 

Did you know it's been said that 90% of all option contracts purchased expire worthless? That's because people speculate rather than educate when it comes to options trading. They swing for the fence hoping for that grand slam return only to get s serious dose of indigestion as they lose their money time and time again. Even when they do make a profitable trade, they end up getting way to cocky and take even bigger risks on DOTM plays or even worse, do not take a sure profit before expiration only to see a profit get wiped out and their money lost on expiration day. I know it sounds ridiculous, but believe me, I have seen it happen and have personally experienced that pain myself. Buying DOTM options is gambling with Vegas style odds. Sure, you can take those kinds of risks, but only after you understand how to pick them; and then only with profits from properly executed safe trades.  (see lotto plays)

 

I get asked multiple questions all the time like:

 

How does an option price change?

What makes it change so much?

When would I know it's a good time to take a profit or cut a loss?

 

In my other training modules I have often referred to the GREEKS, commonly called: Delta, Theta, Vega, Gamma, RHO. Each of the Greeks play a pivotal role in the life of an options price movement, but you need a masters degree in abstract mathematics to figure them out on the fly. In fact, it takes a very sophisticated calculator to work out the probabilities of future prices in an options life; however, that can be changed in a split second by unforeseen market forces...and greedy market makers!

 

So, my trading enthusiasts, I am going to keep track (for educational amusement) of the life of four call options, for the entire front month, from one expiration day to the next. I am going to pick a beloved stock (GOOG) that has a ton of volatility (Vega) and show you just how much time decay (Theta) can effect your profits and or losses...especially on DOTM option plays. What you will find even more amazing is how much the price of the option will fluctuate (Delta) based on how much sun it gets...better known as "Gamma" radiation...lol—You know, I hear tell that if your get enough Gamma Radiation you could turn into a very big green guy ;-O.

 

The most popular GREEK that traders hear about is called the Delta. The Delta is the underlying rate of change in the option price relative to the change in the price of a stock. Here is what a typical Delta value looks like:

 

AAPL at $396.53

 

 

A typical Delta value for two strikes ITM option would be .70; and for ATM would be .50–0.60 and two strikes OTM would be .30–.40 and DOTM would be .10–.25. So, for every dollar a stock moves, your corresponding option would change in price based on the Delta; however it's influenced by all the other Greeks, and if you ask me, sometimes the price gets whacked around beyond the true Delta value my market makers—kind of reminds me of a story with a Trojan Horse involved.

 

Oh, there is one more Greek you need to look at which is called RHO. This Greek is more like a horse race in that Rho is the change of the options price given a one percentage point change in the risk-free interest rate. HA! There is certainly no "risk-free" opportunity when it comes to options trading—and that is what makes it so much fun...that is, if you are on the right side of the trade ;-)

 

Bottom line, if you want a lot less stress when buying options (especially weekly options) just buy a Delta of .70 and you will have more winning trades!

 

Ok, on with the meat of this lesson.

 

Google has been one of the hottest stocks over the past two years. It has very wide swings in price movement and reacts wildly to negative news, as well as positive news. The stock is extremely expensive, so millions of small investors use options to try and get their piece of this pie. What many/most of those investors do not realize is how dangerous trading a stock like Google with short-term options can be.

 

As you continue, I am going to show you the wild price swings of this stock as it approaches an earnings release and how the option prices behave after earnings. This will give you a benchmark of actual experience to reflect upon, learn from and profit from to help you understand how to trade options in the future!

 

Typically GOOG likes to announce earnings the day before expiration; however, this quarter (Jan 2008), they are announcing in the middle of an expiration cycle, so it's going to be interesting to see what they say and what happens next.

 

(4/24/08 Update: check out what happed in the past when they announced the day before expiration...cha-CHING!)

 

I hope you learn valuable insight and save/make thousands of dollars from this great example!

 

Session 3 The Trades

 

Day 1

 

We are going to pick four options to watch. I want you to see the swings in different options prices:

ITM (safest)

ATM (most expensive)

OTM (gambling)

DOTM (deep out of the money – Lottery plays)

 

 

 

Here are all the results for quick viewing, but be sure to look below for commentary and charts to show what really happened.

 

 

 

 

Below is the daily breakdown of these options:

 

 

Google Inc (GOOG)

Jan 18th, 2008 Close  -  EARNINGS: JAN 31st (after market close)

600.25 down -0.54 -0.09%

After Hours: 598.30 -1.95 / -0.32% Vol. 91,131

Previous Close

600.79

Bid

594.98

Open

608.36

Bid Size

300

Day's High

609.99

Ask

604.50

Day's Low

598.45

Ask Size

100

Volume

8.54 Mil

52 Week High

747.24

Avg. Daily Vol. (13 wk.)

6.19 Mil

52 Week Low

437.00

Notice the open interest as we start this process. As you can clearly see, the DOTM calls have a substantially higher number of contracts. Why? Because most traders are misinformed on the volatility of options from day-to-day and even worse, they are gamblers looking for that really big score. Sure, you can get one, but NEVER place all your trading eggs in that basket because it has plenty of holes in it! As we progress over the next four weeks, we will see how the open interest changes.

 

Day 2

Google Inc (GOOG)

Jan 21st, 2008 Close

600.25  unch

 

Previous Close

600.25

Bid

594.98

Open

NA

Bid Size

300

Day's High

NA

Ask

604.50

Day's Low

NA

Ask Size

100

Volume

NA

52 Week High

747.24

Avg. Daily Vol. (13 wk.)

6.19 Mil

52 Week Low

437.00

The markets were closed today for Martin Luther King Jr.'s birthday.

Day 3

Google Inc (GOOG)

Jan 22nd , 2008 Close

584.35 down -15.90 -2.65%

After Hours: 570.75 -13.60 / -2.33% Vol. 36,261

Previous Close

600.25

Bid

569.50

Open

562.03

Bid Size

100

Day's High

597.50

Ask

570.75

Day's Low

561.20

Ask Size

100

Volume

9.48 Mil

52 Week High

747.24

Avg. Daily Vol. (13 wk.)

6.19 Mil

52 Week Low

437.00

Option Quotes:

===================================================================================

.GOOBP quote

 

34.03 down -10.17 -23.01%

Open

24.200

Open Interest

427

Bid

33.200

Previous Close

44.200

Bid Size

19

Volume

2,171

Ask

33.700

Day's High

42.750

Ask Size

31

Day's Low

24.200

Strike Price

580.000

Days Until Expiration

25

Expiration Date

February 16, 2008

====================================================================================

.GOOBT quote

 

23.50 down -8.70 -27.02%

Open

18.600

Open Interest

1,383

Bid

23.000

Previous Close

32.200

Bid Size

33

Volume

5,851

Ask

23.500

Day's High

31.600

Ask Size

21

Day's Low

16.600

Strike Price

600.000

Days Until Expiration

25

Expiration Date

February 16, 2008

====================================================================================

.GOOBD quote

 

15.70 down -7.40 -32.03%

Open

11.400

Open Interest

1,923

Bid

15.200

Previous Close

23.100

Bid Size

10

Volume

1,909

Ask

15.600

Day's High

22.100

Ask Size

21

Day's Low

10.600

Strike Price

620.000

Days Until Expiration

25

Expiration Date

February 16, 2008

====================================================================================

.GOQBT quote

 

1.75 down -2.65 -60.23%  - DOTM decimated!

Open

1.950

Open Interest

7,071

Bid

1.700

Previous Close

4.400

Bid Size

29

Volume

2,889

Ask

1.900

Day's High

3.600

Ask Size

21

Day's Low

1.000

Strike Price

700.000

Days Until Expiration

25

Expiration Date

February 16, 2008

====================================================================================

WOW! We could not get a better market to show the power of volatility than this one. Today, the Federal Reserve cut interest rates by a whopping .75 basis points. This sent the markets into a tail spin opening nearly 500 points down before rebounding nearly all of it on massive short covering and bargain hunting. Will this be the bottom for 2008? That remains to be seen. After the bell Apple announced earnings and made a hefty profit but investors took it to the woodshed and spanked the crap out of the stock in after hours trading. I am sure this favorite will spring back as time marches on. The Apple news caused Google to slip lower in after hours trading.

Day 4

Google Inc (GOOG)

Jan 23rd , 2008 Close

548.62 down -35.73 -6.11%

After Hours: 548.89 +0.27 / +0.05% Vol. 40,942

Previous Close

584.35

Bid

548.50

Open

560.71

Bid Size

100

Day's High

568.00

Ask

548.98

Day's Low

519.00

Ask Size

100

Volume

16.90 Mil

52 Week High

747.24

Avg. Daily Vol. (13 wk.)

6.23 Mil

52 Week Low

437.00

 

Option Quotes:

===================================================================================

.GOOBP quote

 

17.00 down -17.03 -50.04%

Open

20.900

Open Interest

745

Bid

16.400

Previous Close

34.030

Bid Size

23

Volume

4,268

Ask

17.000

Day's High

26.600

Ask Size

32

Day's Low

10.900

Strike Price

580.000

Days Until Expiration

24

Expiration Date

February 16, 2008

====================================================================================

.GOOBT quote

 

10.40 down -13.10 -55.74%

Open

14.300

Open Interest

2,799

Bid

10.000

Previous Close

23.500

Bid Size

46

Volume

7,658

Ask

10.900

Day's High

18.000

Ask Size

88

Day's Low

6.900

Strike Price

600.000

Days Until Expiration

24

Expiration Date

February 16, 2008

====================================================================================

GOOBD quote

 

6.00 down -9.60 -61.54%

Open

8.700

Open Interest

2,307

Bid

5.900

Previous Close

15.600

Bid Size

21

Volume

4,165

Ask

6.500

Day's High

11.500

Ask Size

175

Day's Low

4.200

Strike Price

620.000

Days Until Expiration

24

Expiration Date

February 16, 2008

====================================================================================

.GOQBT quote

 

0.65 down -1.05 -61.76%

Open

0.950

Open Interest

8,121

Bid

0.600

Previous Close

1.700

Bid Size

3

Volume

1,500

Ask

0.700

Day's High

1.400

Ask Size

107

Day's Low

0.500

Strike Price

700.000

Days Until Expiration

24

Expiration Date

February 16, 2008

====================================================================================

Another day of deluge as Google gets decimated in early market trading. Once the bottom was put in place in the overall markets, Google and others had quite a snapback rally erasing most of the losses on the day but the stock is still down a hefty amount of points heading into earnings. As you can see from the wide price swings in these calls options, you have to have an iron stomach if you trade Google.

 

Day 5

Google Inc (GOOG)

Jan 24th , 2008 Close

574.49 up +25.87 +4.72%

After Hours: 588.00 +13.51 / +2.35% Vol. 71,549

Previous Close

548.62

Bid

586.21

Open

558.80

Bid Size

100

Day's High

579.69

Ask

588.00

Day's Low

554.14

Ask Size

100

Volume

9.41 Mil

52 Week High

747.24

Avg. Daily Vol. (13 wk.)

6.39 Mil

52 Week Low

437.00

Options:

===================================================================================

.GOOBP quote

 

23.80 up +6.80 +40.00%

Open

20.200

Open Interest

1,787

Bid

23.400

Previous Close

17.000

Bid Size

11

Volume

4,160

Ask

23.800

Day's High

27.900

Ask Size

44

Day's Low

17.000

Strike Price

580.000

Days Until Expiration

23

Expiration Date

February 16, 2008

====================================================================================

.GOOBT quote

 

14.60 up +4.20 +40.38%

Open

12.400

Open Interest

4,746

Bid

14.700

Previous Close

10.400

Bid Size

11

Volume

5,725

Ask

15.000

Day's High

18.500

Ask Size

46

Day's Low

10.500

Strike Price

600.000

Days Until Expiration

23

Expiration Date

February 16, 2008

====================================================================================

.GOOBD quote

 

9.20 up +3.20 +53.33%

Open

7.300

Open Interest

3,168

Bid

8.600

Previous Close

6.000

Bid Size

11

Volume

2,395

Ask

8.900

Day's High

11.200

Ask Size

33

Day's Low

5.800

Strike Price

620.000

Days Until Expiration

23

Expiration Date

February 16, 2008

====================================================================================

.GOQBT quote

 

0.90 up +0.25 +38.46%

Open

0.650

Open Interest

8,468

Bid

0.800

Previous Close

0.650

Bid Size

17

Volume

1,115

Ask

0.900

Day's High

1.200

Ask Size

21

Day's Low

0.580

Strike Price

700.000

Days Until Expiration

23

Expiration Date

February 16, 2008

====================================================================================

After yesterday's roller coaster ride, Google showed some love and moved back over the 200 day moving average. This is a key support area for any stock, especially a heavy weight like Google. As earnings approach next week on the 31st, many investors are starting to place their bets. Notice the open interest on the DOTM 700 calls has more than doubled since we started.

 

Day 6

Google Inc (GOOG)

Jan 25th , 2008 Close

566.40 down -8.09 -1.41%

After Hours: 568.00 +1.60 / +0.28% Vol. 21,869

Previous Close

574.49

Bid

525.00

Open

591.81

Bid Size

300

Day's High

595.00

Ask

999.99

Day's Low

566.18

Ask Size

200

Volume

6.97 Mil

52 Week High

747.24

Avg. Daily Vol. (13 wk.)

6.45 Mil

52 Week Low

437.00

 

Options:

===================================================================================

.GOOBP quote

 

20.40 down -3.40 -14.29%

Open

33.000

Open Interest

2,642

Bid

20.300

Previous Close

23.800

Bid Size

36

Volume

4,417

Ask

21.000

Day's High

34.600

Ask Size

36

Day's Low

20.400

Strike Price

580.000

Days Until Expiration

22

Expiration Date

February 16, 2008

===================================================================================

.GOOBT quote

 

13.10 down -1.50 -10.27%

Open

22.400

Open Interest

5,184

Bid

13.200

Previous Close

14.600

Bid Size

10

Volume

5,150

Ask

13.300

Day's High

23.200

Ask Size

21

Day's Low

13.100

Strike Price

600.000

Days Until Expiration

22

Expiration Date

February 16, 2008

===================================================================================

.GOOBD quote

 

7.70 down -1.50 -16.30%

Open

14.200

Open Interest

3,170

Bid

7.700

Previous Close

9.200

Bid Size

34

Volume

2,833

Ask

8.200

Day's High

14.600

Ask Size

60

Day's Low

7.700

Strike Price

620.000

Days Until Expiration

22

Expiration Date

February 16, 2008

===================================================================================

.GOQBT quote

 

0.90 unch

Open

1.300

Open Interest

8,841

Bid

0.850

Previous Close

0.900

Bid Size

16

Volume

2,308

Ask

0.950

Day's High

1.550

Ask Size

38

Day's Low

0.900

Strike Price

700.000

Days Until Expiration

22

Expiration Date

February 16, 2008

===================================================================================

What a week of volatility we had and what an awesome example of how options can swing wildly on a stock like Google! As you can see, if you were a call buyer last week, you certainly were stopped out by Monday and if you did not have a stop in place, you can see your climb back to a break even is not looking good at this point. With earnings coming next week and the markets coming off a serious gyration, you just might get lucky if Google surprises. Now if you had puts you would be a very happy camper this week!

Recent news:

===================================================================================

Week of 1/28/08 - 2/1/08 - Earnings Release on 1/31/08 after the close

===================================================================================

Day 7

Google Inc (GOOG)

Jan 28th , 2008 Close

555.98 down -10.42 -1.84%

After Hours: 553.15 -2.83 / -0.51% Vol. 9,695

Previous Close

566.40

Bid

553.15

Open

570.97

Bid Size

100

Day's High

572.24

Ask

554.69

Day's Low

548.60

Ask Size

100

Volume

5.82 Mil

52 Week High

747.24

Avg. Daily Vol. (13 wk.)

6.51 Mil

52 Week Low

437.00

 

 

Options:

===================================================================================

.GOOBP quote

 

16.00 down -4.40 -21.57%

Open

22.600

Open Interest

3,141

Bid

16.000

Previous Close

20.400

Bid Size

42

Volume

1,822

Ask

16.300

Day's High

22.600

Ask Size

5

Day's Low

13.200

Strike Price

580.000

Days Until Expiration

19

Expiration Date

February 16, 2008

===================================================================================

.GOOBT quote

 

10.00 down -3.10 -23.66%

Open

14.500

Open Interest

5,891

Bid

9.900

Previous Close

13.100

Bid Size

31

Volume

3,183

Ask

10.000

Day's High

14.600

Ask Size

10

Day's Low

8.100

Strike Price

600.000

Days Until Expiration

19

Expiration Date

February 16, 2008

===================================================================================

.GOOBD quote

 

6.00 down -1.70 -22.08%

Open

8.700

Open Interest

3,504

Bid

5.700

Previous Close

7.700

Bid Size

30

Volume

4,485

Ask

6.100

Day's High

8.700

Ask Size

22

Day's Low

4.500

Strike Price

620.000

Days Until Expiration

19

Expiration Date

February 16, 2008

===================================================================================

.GOQBT quote

 

0.85 down -0.05 -5.56%

Open

0.800

Open Interest

8,910

Bid

0.700

Previous Close

0.900

Bid Size

46

Volume

1,021

Ask

1.000

Day's High

1.150

Ask Size

51

Day's Low

0.350

Strike Price

700.000

Days Until Expiration

19

Expiration Date

February 16, 2008

Not much action today but showing no love going into earnings this week. Volume was light and in after hours it traded down which does not bode well for call players at the moment.

Day 8

Google Inc (GOOG)

Jan 29th , 2008 Close

550.52 down -5.46 -0.98% 

After Hours: 551.89 +1.37 / +0.25% Vol. 71,656

Previous Close

555.98

Bid

549.01

Open

560.47

Bid Size

100

Day's High

561.33

Ask

550.00

Day's Low

540.67

Ask Size

100

Volume

6.15 Mil

52 Week High

747.24

Avg. Daily Vol. (13 wk.)

6.55 Mil

52 Week Low

437.00

 

Options:

===================================================================================

.GOOBP quote

 

14.00 down -2.00 -12.50%

Open

17.500

Open Interest

3,138

Bid

13.900

Previous Close

16.000

Bid Size

10

Volume

1,884

Ask

14.500

Day's High

18.200

Ask Size

50

Day's Low

11.800

Strike Price

580.000

Days Until Expiration

18

Expiration Date

February 16, 2008

===================================================================================

.GOOBT quote

 

9.00 down -1.00 -10.00%

Open

11.000

Open Interest

6,199

Bid

8.100

Previous Close

10.000

Bid Size

39

Volume

3,121

Ask

8.900

Day's High

11.400

Ask Size

75

Day's Low

7.100

Strike Price

600.000

Days Until Expiration

18

Expiration Date

February 16, 2008

===================================================================================

.GOOBD quote

 

4.90 down -1.10 -18.33%

Open

6.500

Open Interest

5,522

Bid

4.700

Previous Close

6.000

Bid Size

60

Volume

2,155

Ask

5.100

Day's High

6.900

Ask Size

105

Day's Low

4.100

Strike Price

620.000

Days Until Expiration

18

Expiration Date

February 16, 2008

===================================================================================

.GOQBT quote

 

0.75 down -0.10 -11.76%

Open

0.900

Open Interest

8,739

Bid

0.650

Previous Close

0.850

Bid Size

37

Volume

526

Ask

0.850

Day's High

1.050

Ask Size

32

Day's Low

0.650

Strike Price

700.000

Days Until Expiration

18

Expiration Date

February 16, 2008

===================================================================================

 

Another boring day of slippage to the downside. With earning just two days away, investors are only waiting to see. In after hours rival Yahoo disappointed and dropped $2.12 or 10%! Wow, if Google misses a 10% correction is $54.00 which would make the puts a home run play! Google did drop $6.19 on the news so things could get really exciting over the next two days.

 

Day 9

Google Inc (GOOG)

Jan 30th , 2008 Close

548.27 down -2.25 -0.41%

After Hours: 546.49 -1.78 / -0.32% Vol. 7,990

Previous Close

550.52

Bid

545.00

Open

549.19

Bid Size

100

Day's High

560.43

Ask

546.48

Day's Low

543.51

Ask Size

100

Volume

7.92 Mil

52 Week High

747.24

Avg. Daily Vol. (13 wk.)

6.54 Mil

52 Week Low

437.00

 

Options:

 

.GOOBP quote

 

12.60 down -1.40 -10.00%

Open

13.300

Open Interest

3,069

Bid

12.400

Previous Close

14.000

Bid Size

10

Volume

2,741

Ask

12.800

Day's High

18.200

Ask Size

24

Day's Low

12.000

Strike Price

580.000

Days Until Expiration

17

Expiration Date

February 16, 2008

===================================================================================

.GOOBT quote

 

7.70 down -1.30 -14.44%

Open

7.900

Open Interest

7,019

Bid

7.500

Previous Close

9.000

Bid Size

21

Volume

4,894

Ask

7.900

Day's High

11.900

Ask Size

21

Day's Low

7.100

Strike Price

600.000

Days Until Expiration

17

Expiration Date

February 16, 2008

===================================================================================

.GOOBD quote

 

4.70 down -0.20 -4.08%

Open

4.500

Open Interest

5,673

Bid

4.500

Previous Close

4.900

Bid Size

43

Volume

3,582

Ask

4.900

Day's High

7.200

Ask Size

43

Day's Low

4.100

Strike Price

620.000

Days Until Expiration

17

Expiration Date

February 16, 2008

===================================================================================

.GOQBT quote

 

0.70 down -0.05 -6.67%

Open

0.700

Open Interest

8,898

Bid

0.600

Previous Close

0.750

Bid Size

44

Volume

603

Ask

0.800

Day's High

1.000

Ask Size

21

Day's Low

0.600

Strike Price

700.000

Days Until Expiration

17

Expiration Date

February 16, 2008

===================================================================================

 

Tomorrow is the big day as Google will announce earnings results after the close.  With the Fed lowering rates by .500%, Google put on a little rally but still closed the day down. Investors are extremely nervous and if this stock does not come out with spectacular results the puts are going to have a HUGE party!

 

Day 10

Google Inc (GOOG)

Jan 31st , 2008 Close

564.30 up +16.03 +2.92%

After Hours: 525.00 -39.30 / -6.96% Vol. 900,294

Previous Close

548.27

Bid

524.72

Open

539.01

Bid Size

300

Day's High

573.00

Ask

524.95

Day's Low

534.29

Ask Size

200

Volume

14.78 Mil

52 Week High

747.24

Avg. Daily Vol. (13 wk.)

6.56 Mil

52 Week Low

437.00

 

Options:

===================================================================================

.GOOBP quote

 

16.50 up +3.90 +30.95%

Open

9.700

Open Interest

3,349

Bid

17.100

Previous Close

12.600

Bid Size

1

Volume

7,251

Ask

17.600

Day's High

21.400

Ask Size

1

Day's Low

9.700

Strike Price

580.000

Days Until Expiration

16

Expiration Date

February 16, 2008

===================================================================================

.GOOBT quote

 

9.90 up +2.20 +28.57%

Open

5.700

Open Interest

7,907

Bid

9.700

Previous Close

7.700

Bid Size

342

Volume

11,717

Ask

10.000

Day's High

12.800

Ask Size

211

Day's Low

5.700

Strike Price

600.000

Days Until Expiration

16

Expiration Date

February 16, 2008

===================================================================================

.GOOBD quote

 

5.50 up +0.80 +17.02%

Open

3.400

Open Interest

6,191

Bid

5.300

Previous Close

4.700

Bid Size

14

Volume

5,479

Ask

5.500

Day's High

7.100

Ask Size

48

Day's Low

3.400

Strike Price

620.000

Days Until Expiration

16

Expiration Date

February 16, 2008

===================================================================================

.GOQBT quote

 

0.75 up +0.05 +7.14%

Open

0.400

Open Interest

9,061

Bid

0.700

Previous Close

0.700

Bid Size

1

Volume

1,841

Ask

0.800

Day's High

0.800

Ask Size

35

Day's Low

0.400

Strike Price

700.000

Days Until Expiration

16

Expiration Date

February 16, 2008

===================================================================================

Google announced earnings and missed analysts expectations. The stock was rocking during the day then plummeted nearly $60 bucks into the close and after earnings were announced. Tomorrow will be pivotal for the next few months as the stock finds bargain hunters or it continues the wholesale slaughter in its share price. Should the stock drop, the puts will BANK and we still have two weeks to expiration!

 

 

Day 11

Google Inc (GOOG)

Feb 1st , 2008 Close

 

515.90 down -48.40 -8.58%

After Hours: 516.79 +0.89 / +0.17% Vol. 2,799

Previous Close

564.30

Bid

464.00

Open

528.67

Bid Size

100

Day's High

536.67

Ask

567.00

Day's Low

510.00

Ask Size

200

Volume

17.60 Mil

52 Week High

747.24

Avg. Daily Vol. (13 wk.)

6.69 Mil

52 Week Low

437.00

 

Options:

 

====================================================================================

.GOOBP quote

 

1.80 down -14.70 -89.09%

Open

4.600

Open Interest

5,435

Bid

1.650

Previous Close

16.500

Bid Size

2

Volume

5,978

Ask

1.800

Day's High

4.600

Ask Size

65

Day's Low

1.650

Strike Price

580.000

Days Until Expiration

14

Expiration Date

February 16, 2008

====================================================================================

.GOOBT quote

 

0.85 down -9.05 -91.41%

Open

4.400

Open Interest

10,582

Bid

0.800

Previous Close

9.900

Bid Size

15

Volume

8,663

Ask

0.850

Day's High

4.400

Ask Size

18

Day's Low

0.250

Strike Price

600.000

Days Until Expiration

14

Expiration Date

February 16, 2008

====================================================================================

.GOOBD quote

 

0.40 down -5.10 -92.73%

Open

0.100

Open Interest

7,462

Bid

0.400

Previous Close

5.500

Bid Size

85

Volume

3,282

Ask

0.700

Day's High

0.850

Ask Size

24

Day's Low

0.100

Strike Price

620.000

Days Until Expiration

14

Expiration Date

February 16, 2008

====================================================================================

.GOQBT quote

 

0.10 down -0.65 -86.67%

Open

0.050

Open Interest

9,505

Bid

0.100

Previous Close

0.750

Bid Size

1

Volume

953

Ask

0.150

Day's High

0.250

Ask Size

35

Day's Low

0.050

Strike Price

700.000

Days Until Expiration

14

Expiration Date

February 16, 2008

====================================================================================

 

Google never recovered from yesterdays post earnings plunge and take a look at the total devastation of the calls. A clear object lesson why you should NEVER hold over earnings announcement one sided.

 

 

Day 12

Google Inc (GOOG)

Feb 4th , 2008 Close

 

495.43 down -20.47 -3.97%

After Hours: 493.10 -2.33 / -0.47% Vol. 56,374

Previous Close

515.90

Bid

480.00

Open

509.07

Bid Size

100

Day's High

512.78

Ask

504.99

Day's Low

492.55

Ask Size

300

Volume

13.16 Mil

52 Week High

747.24

Avg. Daily Vol. (13 wk.)

6.89 Mil

52 Week Low

437.00

 

Options:

 

 

.GOOBP quote

 

0.60 down -1.20 -66.67%

Open

1.200

Open Interest

5,763

Bid

0.600

Previous Close

1.800

Bid Size

89

Volume

2,025

Ask

0.650

Day's High

1.350

Ask Size

93

Day's Low

0.600

Strike Price

580.000

Days Until Expiration

12

Expiration Date

February 16, 2008

===================================================================================

.GOOBT quote

 

0.45 down -0.40 -47.06%

Open

0.580

Open Interest

9,566

Bid

0.350

Previous Close

0.850

Bid Size

41

Volume

1,976

Ask

0.450

Day's High

0.750

Ask Size

51

Day's Low

0.350

Strike Price

600.000

Days Until Expiration

12

Expiration Date

February 16, 2008

===================================================================================

.GOOBD quote

 

0.26 down -0.14 -35.00%

Open

0.400

Open Interest

7,029

Bid

0.250

Previous Close

0.400

Bid Size

76

Volume

586

Ask

0.350

Day's High

0.500

Ask Size

74

Day's Low

0.200

Strike Price

620.000

Days Until Expiration

12

Expiration Date

February 16, 2008

===================================================================================

.GOQBT quote

 

0.05 down -0.05 -50.00%

Open

0.050

Open Interest

9,464

Bid

NA

Previous Close

0.100

Bid Size

NA

Volume

211

Ask

0.050

Day's High

0.100

Ask Size

150

Day's Low

0.050

Strike Price

700.000

Days Until Expiration

12

Expiration Date

February 16, 2008

====================================================================================

The deluge keeps coming. Microsoftie flexes some muscle and puts in a bid for Yahoo. With their megabucks, Google can now face some tough competition in the future, and a high flying stocks price is solely based on future earnings power. The puts are BANKING now but will we get a bargain hunting reversal starting tomorrow?

Day 13

Google Inc (GOOG)

Feb 5th , 2008 Close

506.80 up  +11.37 +2.29%

 

Previous Close

506.80

Bid

504.50

Open

489.43

Bid Size

100

Day's High

509.00

Ask

515.00

Day's Low

488.52

Ask Size

100

Volume

11.20 Mil

52 Week High

747.24

Avg. Daily Vol. (13 wk.)

6.96 Mil

52 Week Low

437.00

 

 

 

Options:

 

.GOOBP quote

 

0.60 unch

Open

NA

Open Interest

5,622

Bid

NA

Previous Close

0.600

Bid Size

NA

Volume

NA

Ask

NA

Day's High

NA

Ask Size

NA

Day's Low

NA

Strike Price

580.000

Days Until Expiration

10

Expiration Date

February 16, 2008

===================================================================================

.GOOBT quote

 

0.40 unch

Open

NA

Open Interest

8,984

Bid

NA

Previous Close

0.400

Bid Size

NA

Volume

NA

Ask

NA

Day's High

NA

Ask Size

NA

Day's Low

NA

Strike Price

600.000

Days Until Expiration

10

Expiration Date

February 16, 2008

====================================================================================

.GOOBD quote

 

0.20 unch

Open

NA

Open Interest

6,869

Bid

NA

Previous Close

0.200

Bid Size

NA

Volume

NA

Ask

NA

Day's High

NA

Ask Size

NA

Day's Low

NA

Strike Price

620.000

Days Until Expiration

10

Expiration Date

February 16, 2008

====================================================================================

.GOQBT quote

 

0.05 unch

Open

NA

Open Interest

9,372

Bid

NA

Previous Close

0.050

Bid Size

NA

Volume

NA

Ask

NA

Day's High

NA

Ask Size

NA

Day's Low

NA

Strike Price

700.000

Days Until Expiration

10

Expiration Date

February 16, 2008

====================================================================================

 

Coming back to life on a big Dow down day? Hmm, could be a buying opportunity of just some profit taking stepping in on the put side.

 

 

Day 14

Google Inc (GOOG)

Feb 6th , 2008 Close

501.71 down -5.09 -1.00%

After Hours: 495.00 -6.71 / -1.34% Vol. 77,733

Previous Close

506.80

Bid

494.25

Open

511.14

Bid Size

100

Day's High

511.17

Ask

496.50

Day's Low

497.93

Ask Size

200

Volume

7.64 Mil

52 Week High

747.24

Avg. Daily Vol. (13 wk.)

7.00 Mil

52 Week Low

437.00

 

 

Options:

 

 

===================================================================================

GOOBP quote

 

0.35 down -0.25 -41.67%

Open

0.550

Open Interest

5,385

Bid

0.350

Previous Close

0.600

Bid Size

45

Volume

388

Ask

0.400

Day's High

0.600

Ask Size

14

Day's Low

0.350

Strike Price

580.000

Days Until Expiration

10

Expiration Date

February 16, 2008

===================================================================================

.GOOBT quote

 

0.25 down -0.15 -37.50%

Open

0.400

Open Interest

9,340

Bid

0.200

Previous Close

0.400

Bid Size

28

Volume

242

Ask

0.250

Day's High

0.400

Ask Size

41

Day's Low

0.200

Strike Price

600.000

Days Until Expiration

10

Expiration Date

February 16, 2008

===================================================================================

.GOOBD quote

 

0.15 down -0.05 -25.00%

Open

0.150

Open Interest

6,981

Bid

0.100

Previous Close

0.200

Bid Size

96

Volume

112

Ask

0.150

Day's High

0.250

Ask Size

36

Day's Low

0.090

Strike Price

620.000

Days Until Expiration

10

Expiration Date

February 16, 2008

===================================================================================

.GOQBT quote

 

0.05 unch

Open

0.050

Open Interest

9,380

Bid

NA

Previous Close

0.050

Bid Size

NA

Volume

38

Ask

0.050

Day's High

0.050

Ask Size

159

Day's Low

0.050

Strike Price

700.000

Days Until Expiration

10

Expiration Date

February 16, 2008

 

 

sellers step back in as more selling pressure hits the markets. The big loser today was the CME which dropped over $100 bucks today! WOW - The DOTM puts banked today!

 

 

Day 15

Google Inc (GOOG)

Feb 7th , 2008 Close

504.95 up +3.24 +0.65%

After Hours: 505.05 +0.10 / +0.02% Vol. 923

Previous Close

501.71

Bid

505.03

Open

496.86

Bid Size

100

Day's High

514.19

Ask

505.99

Day's Low

494.76

Ask Size

100

Volume

7.93 Mil

52 Week High

747.24

Avg. Daily Vol. (13 wk.)

6.99 Mil

52 Week Low

437.00

 

Options:

 

====================================================================================

.GOOBP quote

 

0.30 down -0.05 -14.29%

Open

0.350

Open Interest

5,315

Bid

0.150

Previous Close

0.350

Bid Size

62

Volume

299

Ask

0.250

Day's High

0.400

Ask Size

20

Day's Low

0.150

Strike Price

580.000

Days Until Expiration

9

Expiration Date

February 16, 2008

===================================================================================

.GOOBT quote

 

0.10 down -0.15 -60.00%

Open

0.200

Open Interest

9,367

Bid

0.100

Previous Close

0.250

Bid Size

190

Volume

688

Ask

0.200

Day's High

0.250

Ask Size

75

Day's Low

0.100

Strike Price

600.000

Days Until Expiration

9

Expiration Date

February 16, 2008

==================================================================================

.GOOBD quote

 

0.10 down -0.05 -33.33%

Open

0.100

Open Interest

6,949

Bid

0.050

Previous Close

0.150

Bid Size

925

Volume

82

Ask

0.100

Day's High

0.150

Ask Size

7

Day's Low

0.050

Strike Price

620.000

Days Until Expiration

9

Expiration Date

February 16, 2008

===================================================================================

.GOQBT quote

 

0.03 down -0.02 -40.00%

Open

0.030

Open Interest

9,348

Bid

NA

Previous Close

0.050

Bid Size

NA

Volume

4

Ask

0.050

Day's High

0.030

Ask Size

731

Day's Low

0.030

Strike Price

700.000

Days Until Expiration

9

Expiration Date

February 16, 2008

 

 

Bouncing around at the $500 support area but with very little conviction. Notice the large swings in the opitons prices intra-day. As I said in my commentary, you have to have an iron stomach when you play options, even if they are in the money.

 

Day 16

Google Inc (GOOG)

Feb 8th , 2008 Close

516.69 up +11.74 +2.32%

After Hours: 516.69 unch / unch Vol. 58,253

Previous Close

504.95

Bid

516.10

Open

509.41

Bid Size

500

Day's High

517.73

Ask

516.80

Day's Low

508.70

Ask Size

200

Volume

6.83 Mil

52 Week High

747.24

Avg. Daily Vol. (13 wk.)

6.85 Mil

52 Week Low

437.00

 

Options:

 

 

.GOOBP quote

 

0.15 down -0.15 -50.00%

Open

0.250

Open Interest

5,290

Bid

0.150

Previous Close

0.300

Bid Size

28

Volume

1,194

Ask

0.200

Day's High

0.300

Ask Size

114

Day's Low

0.100

Strike Price

580.000

Days Until Expiration

8

Expiration Date

February 16, 2008

 

.GOOBT quote

 

0.10 unch

Open

0.100

Open Interest

9,372

Bid

0.050

Previous Close

0.100

Bid Size

963

Volume

620

Ask

0.100

Day's High

0.150

Ask Size

2

Day's Low

0.050

Strike Price

600.000

Days Until Expiration

8

Expiration Date

February 16, 2008

 

.GOOBD quote

 

0.10 unch

Open

0.050

Open Interest

6,984

Bid

0.050

Previous Close

0.100

Bid Size

657

Volume

97

Ask

0.100

Day's High

0.130

Ask Size

68

Day's Low

0.050

Strike Price

620.000

Days Until Expiration

8

Expiration Date

February 16, 2008

 

.GOQBT quote

 

0.03 unch

Open

NA

Open Interest

9,344

Bid

NA

Previous Close

0.030

Bid Size

NA

Volume

NA

Ask

0.050

Day's High

NA

Ask Size

730

Day's Low

NA

Strike Price

700.000

Days Until Expiration

8

Expiration Date

February 16, 2008

 

Google moved on up today as the $500 support areas continues to hold ground. The stock closed near the highs of the day which could be a good thing heading into option expiration next week. Notice how all our call options are worthless and will most likely expire worthless.

 

Day 17

Google Inc (GOOG)

Feb 11th , 2008 Close

521.16 up +4.47 +0.87%

After Hours: 520.20 -0.96 / -0.18% Vol. 17,503

Previous Close

516.69

Bid

520.20

Open

520.52

Bid Size

100

Day's High

523.71

Ask

520.50

Day's Low

513.40

Ask Size

100

Volume

5.82 Mil

52 Week High

747.24

Avg. Daily Vol. (13 wk.)

6.78 Mil

52 Week Low

437.00

 

Options:

 

===================================================================================

 

.GOOBP quote

 

0.15 unch

Open

0.150

Open Interest

4,859

Bid

0.100

Previous Close

0.150

Bid Size

60

Volume

208

Ask

0.200

Day's High

0.200

Ask Size

81

Day's Low

0.050

Strike Price

580.000

Days Until Expiration

5

Expiration Date

February 16, 2008

====================================================================================

.GOOBT quote

 

0.05 down -0.05 -50.00%

Open

0.150

Open Interest

9,194

Bid

0.050

Previous Close

0.100

Bid Size

842

Volume

210

Ask

0.100

Day's High

0.150

Ask Size

132

Day's Low

0.050

Strike Price

600.000

Days Until Expiration

5

Expiration Date

February 16, 2008

===================================================================================

.GOOBD quote

 

0.05 down -0.05 -50.00%

Open

0.050

Open Interest

6,898

Bid

0.050

Previous Close

0.100

Bid Size

690

Volume

152

Ask

0.100

Day's High

0.100

Ask Size

98

Day's Low

0.050

Strike Price

620.000

Days Until Expiration

5

Expiration Date

February 16, 2008

===================================================================================

 

.GOQBT quote

 

0.03 unch

Open

0.050

Open Interest

9,344

Bid

NA

Previous Close

0.030

Bid Size

NA

Volume

11

Ask

0.050

Day's High

0.050

Ask Size

770

Day's Low

0.030

Strike Price

700.000

Days Until Expiration

5

Expiration Date

February 16, 2008

===================================================================================

 

Nothing going on today. It's shaping up to be a very boring expiration week but anything can happen so time will tell as we watch the action develop.

 

Day 18

Google Inc (GOOG)

Feb 12th , 2008 Close

518.09 down -3.07 -0.59%

After Hours: 517.75 -0.34 / -0.07% Vol. 7,537

Previous Close

521.16

Bid

517.02

Open

523.39

Bid Size

400

Day's High

530.60

Ask

517.75

Day's Low

513.03

Ask Size

200

Volume

6.66 Mil

52 Week High

747.24

Avg. Daily Vol. (13 wk.)

6.70 Mil

52 Week Low

437.00

===================================================================================

.GOOBP quote

 

0.10 down -0.05 -33.33%

Open

0.150

Open Interest

4,901

Bid

0.050

Previous Close

0.150

Bid Size

627

Volume

472

Ask

0.100

Day's High

0.200

Ask Size

57

Day's Low

0.050

Strike Price

580.000

Days Until Expiration

4

Expiration Date

February 16, 2008

===================================================================================

.GOOBT quote

 

0.05 unch

Open

0.050

Open Interest

9,093

Bid

0.050

Previous Close

0.050

Bid Size

20

Volume

388

Ask

0.100

Day's High

0.100

Ask Size

725

Day's Low

0.050

Strike Price

600.000

Days Until Expiration

4

Expiration Date

February 16, 2008

===================================================================================

.GOOBD quote

 

0.05 unch

Open

0.050

Open Interest

6,891

Bid

NA

Previous Close

0.050

Bid Size

NA

Volume

155

Ask

0.100

Day's High

0.050

Ask Size

13

Day's Low

0.050

Strike Price

620.000

Days Until Expiration

4

Expiration Date

February 16, 2008

===================================================================================

.GOQBT quote

 

0.05 up +0.02 +66.67%

Open

0.050

Open Interest

9,343

Bid

NA

Previous Close

0.030

Bid Size

NA

Volume

1

Ask

0.050

Day's High

0.050

Ask Size

1,337

Day's Low

0.050

Strike Price

700.000

Days Until Expiration

4

Expiration Date

February 16, 2008

=====================================================================================

 

Slipping into expiration and these calls will be expiring worthless.

 

Day 19

Google Inc (GOOG)

Feb 13th , 2008 Close

 

534.62 up +16.53 +3.19%

After Hours: 543.00 +8.38 / +1.57% Vol. 335,244

Previous Close

518.09

Bid

540.70

Open

522.50

Bid Size

100

Day's High

534.99

Ask

543.99

Day's Low

518.69

Ask Size

100

Volume

6.63 Mil

52 Week High

747.24

Avg. Daily Vol. (13 wk.)

6.68 Mil

52 Week Low

437.00

Options:

=====================================================================================

.GOOBP quote

 

0.05 down -0.05 -50.00%

Open

0.050

Open Interest

4,811

Bid

NA

Previous Close

0.100

Bid Size

NA

Volume

164

Ask

0.050

Day's High

0.100

Ask Size

68

Day's Low

0.050

Strike Price

580.000

Days Until Expiration

3

Expiration Date

February 16, 2008

=====================================================================================

.GOOBT quote

 

0.05 unch

Open

0.100

Open Interest

8,998

Bid

NA

Previous Close

0.050

Bid Size

NA

Volume

326

Ask

0.050

Day's High

0.100

Ask Size

203

Day's Low

0.050

Strike Price

600.000

Days Until Expiration

3

Expiration Date

February 16, 200

=====================================================================================

.GOOBD quote

 

0.05 unch

Open

0.050

Open Interest

6,763

Bid

NA

Previous Close

0.050

Bid Size

NA

Volume

48

Ask

0.050

Day's High

0.050

Ask Size

162

Day's Low

0.050

Strike Price

620.000

Days Until Expiration

3

Expiration Date

February 16, 2008

=====================================================================================

.GOQBT quote

 

0.05 unch

Open

0.050

Open Interest

9,334

Bid

NA

Previous Close

0.050

Bid Size

NA

Volume

7

Ask

0.050

Day's High

0.050

Ask Size

1,642

Day's Low

0.050

Strike Price

700.000

Days Until Expiration

3

Expiration Date

February 16, 2008

=====================================================================================

 

A nice relief rally in the markets lifted Google but it's not going to be enough to even bring the 580 calls back to life.

 

Day 20

Google Inc (GOOG)

Feb 14th , 2008 Close

532.25 down -2.37 -0.44%

After Hours: 532.75 +0.50 / +0.09% Vol. 1,808

Previous Close

534.62

Bid

532.50

Open

538.35

Bid Size

200

Day's High

541.04

Ask

533.49

Day's Low

531.00

Ask Size

500

Volume

6.48 Mil

52 Week High

747.24

Avg. Daily Vol. (13 wk.)

6.65 Mil

52 Week Low

437.00

Options:

.GOOBP quote

 

0.05 unch

Open

0.050

Open Interest

4,753

Bid

NA

Previous Close

0.050

Bid Size

NA

Volume

139

Ask

0.050

Day's High

0.100

Ask Size

166

Day's Low

0.010

Strike Price

580.000

Days Until Expiration

2

Expiration Date

February 16, 2008

====================================================================================

.GOOBT quote

 

0.05 unch

Open

0.050

Open Interest

9,105

Bid

NA

Previous Close

0.050

Bid Size

NA

Volume

6

Ask

0.050

Day's High

0.050

Ask Size

280

Day's Low

0.050

Strike Price

600.000

Days Until Expiration

2

Expiration Date

February 16, 2008

====================================================================================

.GOOBD quote

 

0.05 unch

Open

0.010

Open Interest

6,733

Bid

NA

Previous Close

0.050

Bid Size

NA

Volume

15

Ask

0.050

Day's High

0.050

Ask Size

208

Day's Low

0.010

Strike Price

620.000

Days Until Expiration

2

Expiration Date

February 16, 2008

====================================================================================

.GOQBT quote

 

0.05 unch

Open

NA

Open Interest

9,334

Bid

NA

Previous Close

0.050

Bid Size

NA

Volume

NA

Ask

0.050

Day's High

NA

Ask Size

1,373

Day's Low

NA

Strike Price

700.000

Days Until Expiration

2

Expiration Date

February 16, 2008

====================================================================================

No follow through on the day which says this party is OVER for expiration tomorrow.

 

Day 21

Google Inc (GOOG)

Feb 15th , 2008 Close  OPTION EXPIRATION DAY

529.64 down -2.61 -0.49%
After Hours: 530.20 +0.56 / +0.11% Vol. 7,530
Previous Close 532.25 Bid 520.50
Open 528.31 Bid Size 100
Day's High 532.66 Ask 535.00
Day's Low 524.33 Ask Size 100
Volume 5.24 Mil 52 Week High 747.24
Avg. Daily Vol. (13 wk.) 6.58 Mil 52 Week Low 437.00

Options:

====================================================================================

.GOOBP quote

 

0.05 unch

Open

0.050

Open Interest

4,743

Bid

NA

Previous Close

0.050

Bid Size

NA

Volume

9

Ask

0.050

Day's High

0.050

Ask Size

455

Day's Low

0.050

Strike Price

580.000

Days Until Expiration

0

Expiration Date

February 16, 2008

====================================================================================

.GOOBT quote

 

0.01 down -0.04 -80.00%

Open

0.050

Open Interest

9,099

Bid

NA

Previous Close

0.050

Bid Size

NA

Volume

6

Ask

0.050

Day's High

0.050

Ask Size

648

Day's Low

0.010

Strike Price

600.000

Days Until Expiration

0

Expiration Date

February 16, 2008

====================================================================================

.GOOBD quote

 

0.01 down -0.04 -80.00%

Open

0.010

Open Interest

6,728

Bid

NA

Previous Close

0.050

Bid Size

NA

Volume

3

Ask

0.050

Day's High

0.010

Ask Size

571

Day's Low

0.010

Strike Price

620.000

Days Until Expiration

0

Expiration Date

February 16, 2008

====================================================================================

.GOQBT quote

 

0.05 unch

Open

NA

Open Interest

9,334

Bid

NA

Previous Close

0.050

Bid Size

NA

Volume

NA

Ask

0.050

Day's High

NA

Ask Size

1,488

Day's Low

NA

Strike Price

700.000

Days Until Expiration

0

Expiration Date

February 16, 2008

====================================================================================

 

As predicted,  all of the call options expired worthless! Notice the massive amount of open interest in each of them. That is the dumb money hoping Google would pull a miracle out of the hat and somehow rally back to profitability!

 

 

Profits Up!

The donFranko 

 

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