Gersh's Option trades Message Board

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Strategies & Market Trends : Gersh's Option trades

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To: Mark Johnson who wrote (632)	2/26/2008 11:03:45 PM
From: Mark Johnson	Read Replies (1) of 652

Shares of GOOG hit the fan today on fears of fewer paid clicks, which could translate to lower growth rates, based on one industry report. If this is true, it does not bode well for the stock. If the report is false, then the stock could go back into the low $500 range. It finished the day today at $464. Regardless if true or not I do not see the shares of GOOG making a big turnaround anytime soon. I like the idea of shorting the March 540 calls, bidding at $1.10 and the March 550 calls bidding around $.80. I think the stock will be up and down and waiting to short the calls on upside may be best. I don't see the stock making a big upswing anytime soon and think both sets of calls "should" expire worthless, or take it with a grain of salt if necessary. Best of success option shorters!!

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