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Monday, December 12, 2011

GOOG - Option 630.00 C DEC 11















Two hours before the close we decided to pick up some $GOOG 630.00 DEC 11 C 3.90 x 4.00; which looked interesting here. But, the market was not having any of it. GOOG just bounced around, making us think this was wrong. The high of this option was 4.50; which we thought would be able to see again.

Market started to put in the work and allowed us to take $GOOG 630.00 DEC 11 C out at 4.20. But if held 4.40 could have be achieved, but who want to hold overnight in this environment.