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OptionMonster

07/17/08 4:13 PM

#29407 RE: FLYTYER #29406

Had $670 CALLS hedged with $470 PUTS
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Threeflight

07/17/08 4:45 PM

#29418 RE: FLYTYER #29406

The problem will be they will mark all GOOG options down severely at the open tomorrow. Once earnings are out the volatility goes out the window as far as pricing. Its a complete rip off but they do it every time. If you have the $470's and the stock opens around $500 honestly I bet you break even on them. Hard to believe I know but its the way the game is played.
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nlightn

07/18/08 9:33 AM

#29544 RE: FLYTYER #29406

GOOG $470 Aug puts,...looks like you will be in +positive+ territory,...

GREAT play !