4/12/12 - GOOG announced better than expected earnings and a quasi 2:1 stock split in the way of a stock dividend without voting rights...huh? Top that off, they actually missed revenue projections slightly so all this has led to confusion and in some circles already becoming seen as a very BAD move for long term share holder growth. Needless to say, the stock popped, dropped and normalized in post market. It's looking like this stock may end up trailing down  as time moves on and with our current options plays, I do not see a massive profit tomorrow. The past couple of days this stock has run up briskly, so there is not much interest to propel it higher now that they have confused investors.

 

 

 

 

 

 

My Lotto plays today:

 

I could not get any real positions on because the cost was absolutely RIDICULOUS with only one day to expiration!

 

 

 

Tomorrow will be interesting to say the least, and I have to hope that my Apr options build enough profits to pay for my weekly ones.

 

 

 

 

 

 

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4/11/12 - Tomorrow is the BIG day for GOOG and the markets. If they announce as expected, then most likely the stock will continue to languish and or sell off some more; however, if they disappoint, it's going to be a great day for PUTS and if they surprise then the rise can be dramatic. Hey, maybe they will even announce a stock split? The stock was recently upgraded to a price target of $850 and with the Motorola Mobility merger coming to a finality, there will be a lot of future profits to build upon going forward. Noteworthy news was the changes to their ad revenue generating model which needs to show marked improvement from last quarters revenue. Option buyers are speculating around a 6% move in the stock, so there will definitely have to be a surprise to move the stock over the 52 week high of $670. Speaking of highs, GOOG is actually down slightly  from a year ago this time. The monthly chart shows some potential to move higher and things will be interesting if they do surprise.

 

 

I started my positions today and will add more tomorrow before the close. Today's action shows a weak Bull 180 reversal, and I would have preferred the stock opened at yesterdays close rather than gap open with the market. The final 15 minutes of trading put on a solid move on large volume taking out the days entire range, so that could be a good sign. In after hours trading, GOOG is up $3 so we will see how things turn out tomorrow. If the markets are up, then GOOG will be rising too.

 

My current trades:

 

 

I currently have a play going on with my No Risk Trade strategy and I added some Lotto puts and calls. Tomorrow I will ad some weekly calls and puts too.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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4/10/12 - Thursday is the big day for GOOG earning to be released. The stock has been languishing around for the past couple of months and appears to have put in a possible double top on the daily chart. If you recall from our last play on this stock, the weekly puts paid off whereas the monthly strikes were too inflated with premium to make a huge profit. This time around, GOOG is announcing earnings a full week BEFORE expiration but true to form, they are announcing on a Thursday which means the weekly options are the Lotto play.

 

I will be putting on my plays Thursday unless the stock picks up speed tomorrow. Looking over today's sell off (more market related than GOOG related) it appears that GOOG may be putting in a Bull 180 setup on the Daily chart. Volume today was average so this could be the bottom.

 

The 100MA is at $619 and the 200MA is at $589 so my target put strikes will be $580-600 and my call $650

 

 

NEWS TODAY:

 

Today, UBS upgraded GOOG price target  

UBS Raises PT, Revenues and EPS Estimates on Google (GOOG); Quarterly Preview as Initiatives Gain Traction

 

UBS reiterates a 'Buy'

on Google (NASDAQ: GOOG) price target raised from $800 to $825.

 

I am always a little bit suspect on last minute upgrades by large brokerage analysts; but since last quarters missed earnings, the stock recovered all that selling and is now right at the filled gap price. There has been a lot of buzz on new products and GOOG search optimization technology, Android market share growth and other revenue streams that will lead to more and more profits.

After hours trading shows some strength building so tomorrow could be the beginning of a nice trade. My bias is to the long side but I will definitely be picking up my LOTTO puts too!

 

 

Here are today's options prices:

 

Apr Exp Puts

 

 

Apr Exp. Calls

 

 

 

Here are all the Weekly options: (Note: you can only go down to $580 on the puts so far)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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