Wednesday, January 17, 2007

GOOG Update

Am I still googly for GOOG? Yes. In fact, I will be adding to my position as it pulls back some more from here. I'm considering the MAR 500 Calls which are almost $3.00 under FTV currently trading at 27.50.

GOOG earnings are expected to be released the first week of February. That's what I'm anticipating with these calls as I buy into earnings and hopefully get some IV increases as well as the underlying.

I notice that half of you think that GOOG will close above 513 in two days (see the poll to the left). I'd say that's rather bullish.

Grab a vine and persuade me out of GOOG if you can.

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