The mms were really jacking up the wayyy out of the money GOOG puts and calls for July today. Many people were buying them on hopes of a 100 point move either way. Needless to say they will have $0 in the morning.
Smart move was to sell them short. Works just about every time. Except last Q haha.
You dont get it. What I am saying is they probably wont make money on those plays, may end up losing money.
Its sad I know because they played them right as far as the way the stock would move, but those options will lose a ton of value at the open tomorrow morning now that earnings (volatility) are out.
The GOOG puts he may make a little. IBM calls right now not looking good.
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