so whats the consensus here? Buy puts before earnings and hold the shares? And Sell the shares after hours if earnings miss?
I propose doing nothing since there is no telling which way GOOG will go. Oh, and which ever way it goes it's going to move big time, so if you are on the wrong side it could cost you 10% easily. Pure gambilng.
i would think due to the slower number of clicks, this stock will retest its lows again. The numbers have to be spectacular for this stock to rise to 500, but even a small amount of negativity would send it back down. I like the puts, and i'm going to guess the stock will be down to $410 after market
I agree with this statement. Just no way to tell which way it will go. It's below it's 200 day ma and near 52 week lows. Can it jump up to test the 200 day, maybe, but it may also tank. I just don't see any kind of favorable risk/reward ratio trading this.
Did you read? Henry Blodget few hours before earnings predicted GOOG at least to $490 tomorrow at open. He predicted GOOG to exceed earnings consensus. In 1999 he was the top ranked internet analyst. Live analysis by Henry Blodget http://www.alleyinsider.com/2008/4/live_analysis_google_q1_earnings