Monday's movement will be the most interesting to me. Anyone do a max pain analysis on this thing? I assume its either 470 or 480.
http://www.marketwatch.com/news/sto...3D2-7B58-44E7-A9F4-DD4644213CD7}&siteid=yhoof They missed huge on EPS if this article is right. Non GAAP and GAAP are being confused by someone. Pity the poor fool that is holding my bags at 487. Then again I bought at 493 and it has been a long hold back to break even, worst trade of the year by far and happy, *relieved*, to be shot of it with virtually no damage.
Yeah, it depends on which number is "real." Bloomberg says: "The shares gained after Google said today that net income increased to $1 billion, or $3.18 a share, from $592.3 million, or $1.95 a share, a year earlier. Sales excluding revenue passed on to partners rose to $2.53 billion, and profit before some costs exceed analysts' estimates.... Profit, excluding stock-based compensation costs, was $3.68 a share, Google said today in a statement. Analysts on average had estimated $3.28, and sales were in line with the $2.5 billion average of 24 projections in a Bloomberg survey."
Well I agree it doesn't exist from the perspective usually of a big bad guy selling options making sure they expire worthless. But often a large open interest at certain strikes might stimulate options to pin to a strike as stock hedges are removed at expire (as option positions are unloaded). hopefully we get to 500 tommorw. my 480/500/520 is in the zone as we speak. i need to get to 488 to entirely finance all my other butterflies though.
deja vu? http://www.infoworld.com/article/04/10/22/HNgoogleconfuse_1.html?PORTALS these analysts/companies needs to start making consistent metrics for reporting earnings
I'd wish neutrality for you if I wasn't long the Apr/May 470 put spread from 500. I think we settle in the 475-480 range by tomorrow's close.
From GOOG weekly chart, if GOOG is strong enough tomorrow, the very top of the trend channel is at exactly $500 for this week. Cheers!