Thursday, January 20, 2011

Interesting times

Google near term options trading at implied well north of 100%. Market pricing in another +/-5% move. Anyone wants to take the other side of this bet? A simple approach would be to take two at the money call or put options, sell the short dated and buy the longer dated. Of course the downside kicks in if google is trading at more than 655 or below 605 after earnings!

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