Whole market is down. Add to that the fact that people are nervous about earnings being released soon. How can it be other than down in this context.
hmm maybe buy some 400 calls? trading a little over 2. so you factor goog pulls a rabit out the hat this stock is spiking to 4. i believe the best play is wait till earnings if they spike wait a few day to a week and buy puts. cause everyone will rush into it and on the slightest weakness rush for the door. just my opinion.
even if they beat and the stock rises 10% I would sell every bit of it off, stock is headed down, down, down.