Well, a529612, GOOG's lookin' mighty strong here, yer' probably feelin' a little better. Don't forget, earnings are next month, and remember what happened the last time earnings were declared. I know I'll never forget.......... ouch.:eek:
GOOG-$367.23 -8.28(-2.21%) GOOG Jan 500 Calls (GOPAO)-$4.60 $14 - 4.60 in 3 months, what kinda return is that? That does it, I'm starting my own e-newsletter and seminars for sure now, whether momoneythansens comes with or not!! I wish I'd start following my own advice!!!
entering at the daily/weekly/yearly/all-time high and then shorting or selling covered calls at the 3month/1month/1week low represents the same fundamental mistake
GOOG Jan 500 Calls (GOPAO) It traded very thinly, you can't get in and get out without paying the spread (as high as .50 per contract).
I think he means it was the exact opposite move at the right time. Or the right move at the wrong time. Personally, I wouldn't haven't gotten into GOOG at its all time high of 460, that was probably Jan. or middle of April. However, if I did make that mistake, I would've done the following: 1. sold 50% of it when it dropped below 420 in early May. 2. sold the rest when it dropped below 400 a couple days later 3. shorted the h*ll out of it at the same time 4. sold calls just above current price all the way down 5. bought just ITM shorts below current price 6. close out everything in June when it started going back up ---------------------------------------------------- However... IF some sort of brain-damage had me STILL holding GOOG @ 460 right now??? 1. dump all of it and fast!
Well, all I know is writing a call @ $14, and having it go to $ 4.60 in 3 months, would make anyone happy. I'd take that result everytime.