GOOG SEP 525 P could have been purchased in the morning. Open Price was 1.45 per contract and end up at the 4.00 per contract by end of day. It was a pretty interesting day, as the market were pretty much in a mixed market mode.
We had thought that the the SPY would rise to 120.00 for Ben after the market, well it went the other way for a 2.00 per contract loss on an SPY SEP 120.00 C contract.
2nd Play
GOOG SEP 530 P should have been purchased, as the market started to slide. This was a entry of at or around 4.10 to get it to run up to the 6.00 per contract level by end of close. Well look at the news at 3:58PM; so basically after the market close.
3:58 PM Samsung's(SSNLF.PK) deal to pay royalties on its Android devices to Microsoft (MSFT -0.4%) is bad news for Google's (GOOG -2%) mobile strategy because it means Android is no longer free, according to Heard On The Street. Now it becomes harder for others to get away without paying, and it narrows the effective price gap with operating systems like Windows Phone.
