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  • whyiloveamerica whyiloveamerica Jun 4, 2007 11:33 AM Flag

    just bought $10K worth of July 600 calls

    It definitely is closer to gambling, but it's also not a position which I think will lose that much value should I decide to sell in the coming week or two. Will likely sell prior to earnings with the hope of selling at $2.40 or somewhere around there with the earnings premium very hyped up

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    • true true... it doesnt even have to really come that close to 600 to pull a great profit the way goog options trade.

      i was fortunate enough to pick up june 520s back a few weeks ago for .80. even 15 bucks off the strike im sitting up over 300%.

      • 1 Reply to davidaustin360
      • Not with that contract. That's not a good option play, IMHO. It has a delta of .05 Google has to swing quite a bit in a very short time period for this contract to move (a nickel for every dollar google moves).

        When I speculate short term I try to give myself 90 days and at least a delta between .20 and .30 (and that is still gambling).

        I understand he's just trying to take advantage of a short term spike, but that spike won't move much even on a good google move.

 
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