I don't think anybody has a clue where they will take this one????????
Sorry, can't recommend anything now because prices on both calls and puts appears to be deteriorating. Somewhat uneven price action today, or is it just me?
Maybe an OTM strangle...but at least March expiration. GOOG is notorious for tanking even on good ER reports--but not always. Very risky.
I am an onwer of GOOG stock, but i purchased some protective weekly puts ahead of earnings.