I subscribe to the Street.com 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?
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.