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

so no consideration for Goog blowing out earnings? would you never add a backspread to a butterfly?

 

my impression is that Goog moves on earnings.. my intuition tells me that its not going to be a "non event" i haven't traded the earnings in a while..

 

Elite Gamblers!

 

thanks for your imput.. your so much help.. haha i'm over here playing internet poker , spinning my own roulette wheel, betting on goog earnings, and sweating through my hands.. haha

 

i would say the earnings will be bad ..or at the very least i wouldn't bet to the longside . http://online.wsj.com/mdc/public/page/2_3022-mflppg-moneyflow.html

 

Any professional would tell you earnings play are pure gambles but if you think otherwise you are entitled to your opinion just like am.

 

On the other hand when do you EVER bet on the longside ammo.

You been bearish for half a decade.

 

Roughly your breakeven on the call is 3% bevcause the breakeven on the aug straddle should be around 6% +/- adjustments for out of the moneyness and skew effects.

I doubt you will make money between +3% and +6%. over 6% and you are a rock star. <+3% I think you also don't make money because you have a short call that will be worth something (even if it's .05)

 

Yeah. Pretty much rolling dice here.

 

i'm going to try your butterfly.. i bought it for 45 bucks