RE: Cramer's option strategy for Google

Discussion in 'Trading' started by Kramer_Hedge_LA, Nov 15, 2007.

  1. I subscribe to the and I recently saw an article about a trading strategy Cramer has for google. He says to buy "deep-in-the-money options as they go down and then as they go up, selling common against them, because they lose their premium."

    I am confused by what he meant about "selling common against them." Does he mean shorting google shares as the google call option prices increase when rebounding after hitting a bottom?

  2. The whole thing is bizarre.

    I saw that cartoon talk on his TV clip. Jim Cramer looked like he has snorted cocaine from a long pipe. The whole things is a bizarre rant with no meaning at all , meanwhile interviewer Farnooshi looking at him like a dove seen a hawk.