With the goog debacle today, the 390 calls are looking very attractive. The premium seems way underpriced to me. Plus I'm mildly bullish on the stock, but don't want to overnight the stock. I can't imagine Goog will say anything else negative about itself. And we've got analyst day coming up this week. Bought a minor position at $5.
Well at least they are trading at 5.4/5.5 now. It is like Poker, he got 2 7 off suit, raised because he thought he saw 7 7. Turns out flop is 2 2 7. They had the analyst day TODAY, and that's why we had the GOOG debacle.
Actually thursday is analyst day. The comments made today were at another separate conference. I would expect goog on thursday to clarify the cfo comments and to talk about future growth projects. Frankly, anything they say will likely be better than what they said today. http://biz.yahoo.com/bw/060224/20060224005097.html?.v=1
I sold it all at 5.5 Goog didn't pop like I thought it would. And who knows what they might say today during analyst day. Now watch it rise to 400.