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diaoptions

Registered: Aug 2011
Posts: 392

07-17-12 09:27 PM

GOOG Earnings this Thursday - 570/580/590 Butterfly only $1.20

GOOG @ $576.73
Buy 1 GOOG Jul 2012 570.00 call @ $20.80 http://finance.yahoo.com/q?s=GOOG120721C00570000
Sell 2 GOOG Jul 2012 580.00 calls @ $15.30 x 2 = $30.60 http://finance.yahoo.com/q?s=GOOG120721C00580000
Buy 1 GOOG Jul 2012 590.00 call @ $11.00 http://finance.yahoo.com/q?s=GOOG120721C00590000
Total Debit $1.20.
Maximum loss $120.00, maximum gain $1000.00 if GOOG closes at $580 on Friday.

Another option is to widen the strikes and base the butterfly around the 575 or 580 calls. Lots of combos, below are 4:

560/580/600
550/580/610
540/575/610
550/575/600

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newwurldmn

Registered: Apr 2011
Posts: 2662

07-17-12 09:31 PM

A trade or a watch list? Or do we find out on Friday? Your track record with GOOG is less than stellar.

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FCXoptions

Registered: Jul 2012
Posts: 432

07-17-12 09:37 PM

What is the outlook for their earnings announcement? That looks like pretty good odds. If your right you win big and if you are wrong... well you don't lose bad at all. Solid Play!

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FreakofNature

Registered: Jun 2011
Posts: 1073

07-17-12 09:40 PM

Gamblers initiate pre earnings.

Traders initiate post earnings.

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Random.Capital

Registered: Jan 2005
Posts: 3848

07-17-12 10:15 PM

Quote from FreakofNature:

Gamblers initiate pre earnings.

Traders initiate post earnings.

There's room enough in this world for both.

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cdcaveman

Registered: Aug 2011
Posts: 3529

07-18-12 07:24 PM

the straddle is priced at 33 bucks.. Anyone Calender spreading, ratio backspreading? implied 33 dollar move doesn't seem that much to me.. i've seen goog move 100 bucks at earnings..

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