Before I start trading next month, I want to find out if GOOG options were just an anomaly or if indeed similar profit potentials (as a % move in option price) happen all the time. I hope some of that makes sense.
Never mind, I found it at businessweek. So this is interesting. Take a look at GOOG June 230 calls historical daily price data. Assuming you bought it in November for roughly $12, would you have kept it until now? It would have been a real test of will for me to have held it. This data is a good snapshot of the psychological challenges facing traders (I think): http://host.businessweek.com/busine...te=06/07/05&Type=0&Format=0&Button=Get+Quotes
No, it doesn't makes sense. First, ask yourself how many stocks make a move like goog. Second, ask yourself about the odds that you would happen to be in that particular stock at that particular time. Very small odds.