I bet the mo-mo's will ride GOOG up like they did to crude and commodities and spit it out when it stops working.
-------------------- GOOG Google tgt raised to $490 from $440 at Needham- following earnings (415.00 ) -Update-
GOOG was my savior on Friday after a poor run of trading reports during the week. A short on GOOG at the open netted 12 points for the day, leaving a plus for the week of over 10 points.
Jesus Man... you do realize you're advocating selling a $40 call with the short stock/short put? Why on Earth would you trade the stock/put when you can sell the call? Short $40 put/short stock = synthetic short $40 call.
Thread split in to two. The discussion about synthetics on RMBS is in new thread under Options forum.
Down the drain it goes... The question is if this is just normal profit taking after the 335 to 450 runup or something more serious...
You'll own the world if you know that. My own take is that it's normal profit taking. The mo-mos are playing elsewhere now. It's gone up too quick and too fast and needs consolidation. Maybe it's a bear trap.