Mon, Apr 21, 2014, 12:43 PM EDT - U.S. Markets close in 3 hrs 17 mins

Recent

% | $
Quotes you view appear here for quick access.

Google Inc. Message Board

  • blust34442 blust34442 Dec 17, 2009 3:36 PM Flag

    Anyone remember what happend 47 months ago?

    It happened on January 2006 option expiration Friday.

    Most NASDAQ stocks seemed to be pinned in strike prices until 10:30AM Friday, then high beta stocks began to crumble. GOOG was traded between $478 and $482 from 9:30AM to 10:40AM, then plunged $85 in the next few hours. By 3 PM GOOG was $395 a share. I bought $460 puts at $250 a contract earlier that week. (They could be bought at as low as $70 a contract on Thursday.) At 4 PM close, GOOG closed at $410. Each contract was worth $5000. (Could be $6500 if I sold at 3 PM. But I did better than that because I sold at $440 and immediately bought massive amounts of $430, $420 and $410 puts.) I made $70,000 that day. It was the second best trading day of my life. Miracles do happen! After 47 option expiration Fridays since then, it could happen tomorrow!

    SortNewest  |  Oldest  |  Most Replied Expand all replies
 
GOOG
528.60-7.50(-1.40%)12:42 PMEDT

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.