CLOSING the $GOOG Options Action trade - Dan

20 oct - wow. this would have been a huge winner.. options action really missed a great opportunity to have a great segment with the slow motion smiles, music and cheesy graphics had dan left this earnings play on. would have been a 500% + winner since stock closed near 681.. per dans tweet / write up on his site, dans write up , he closed the spread at $6.00 for a $1.00 profit. tough break on that one.

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21 sep - on the show tonight dan has a bearish trade for google, heres the video clip, GOOG clip .. dan also has this trade posted on his website for free so you can read about it there too dans writeup

Buy the Oct 715/680/645 put butterfly for $5.00

my few concerns about this trade based on his thesis in the video, he is making this a bearish bet on an earnings move. earnings date is 11oct unconfirmed per briefing .com . this will profit if the stock pulls back before then but the biggest chunk of profits you will see will be after that move from earnings, you will not see much if it moves down now..."much" vs his stated $30 possible at opex...im thinking its premature to get into an earnings trade..might work, might not... he is taking a directional bet, so with that i would wait till day of or day prior to the earnings date and base my strike selections on where the stock is then..my choice would also be a put calender vs a call fly right here right now. dan references the implied move but thats misleading this far out , the weekly option premium and IV will be a more accurate gage of that vs the Oct monthly data now. see all of dans on-air trades in this google docs spreadsheet

i find it amusing that just 2 weeks ago dan bought the latest samsung phone and now goes along with the herd and gets an iphone 5..can you even return phones and get the money back?

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