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To: The Ox who wrote (10421)11/5/2005 9:04:19 AM
From: Clint E.  Respond to of 13403
 
OT: Time will tell, although it better not be too much time :)

Nov 390 put is priced ~ $1 less than 390 call. Same for $400 call/put contracts. So the stock is expected to continue rising towards $400. If you follow it, you know it usually does and then pulls back by ~20-30 points(such a pullback would be even a smaller % this time with the stock 100-200 points higher than when it hit $200 and $300).
Buying Dec puts(390) could be a better choice if the puts are not bought right at the peak and if there are only a few days left in Nov contracts. At the same time, this is the kind of stock that you don't want to sink too much money in, so chasing it when/if it goes against you is a googleian mistake!