Earnings misses generally lead to more downside the next day..Just a guess based on prev missues, I would think we would see another $10 in downside tomorrow...
If there is still a bid at the open, sell right away and if you still feel like playing look at the April 540 puts...Highly likely they will sell for about $1 in the morning and could be worth $5 plus but the end of market
I would agree. You may even lose money. If stock doesn't close under your strike, you lost it all.
Expiration is tomorrow. I would HIGHLY suggest getting out as soon as possible.
I would expect a loss......
Jeez.. probably nothing.. just sell for waht ever you can at the open.
Here are few:
Gap has not filled at 540. Gap fill will start a new rally.
Gap fill marks 50% Fib retracement from the rally that started in 7/2010 at 430 to rally high 1/18/2011 at 640.
Bull rally had 3 waves and the pullback completed 2 waves and a break below 550 will mark the beginning of 3rd wave with trend support at 520. This is the only thing going for you and that should come with a major selling at gap fill.
Go long at Gap fill. The next rall will take this to 750.
They will be worth nothing. The stock is at $547 right now in AH. And that is not even close to your break even of $529.10. You lose. You should have sold calls in the 600 range or sold puts in the $535 range ... and collected the juicy premiums that were offered up (by you and other amateurs)
goog currently at 547 so if it opens tomorrow at that price you will probably lose 50% on your options right away since there is only a day left for them to expire. you need google to drop into the 30's early morning for those puts to be worth anything.
they advised investors 2 days ago to buy April 575 calls at $12 - I can not belive they were so WRONG!!!! and only 2 days before revnues. I have been following their option recomendation on many fronts in the past 4 months..NEVER trust any advice to buy or sell options if it is linked to earnings..they missed on PG, BA, KR, ERJ, ACN and now on Goog...i never learn the lesson...anyone has experience with Goldman options strategists? any other broker? If anyone works for goldamn on this board, pls tell us why do you do this to poor retail investors? WHY?