Actually June calls are cheap. Boght a bunch of June 820's. Facebook home has flopped. GOOG going to rally hard into earnings then pop decent. I expect a nice move over the next few weeks. I don't expect anything over 840 though this week. Next week I do though and this should rally to well over 900 in May.
Yup. Our advertising metrics are telling us that the estimates for last quarter are way off the mark and GOOG will likely shoot to 900 post-earnings, so we picked up a huge quantity of Apr 20 850 calls this morning at an average price of $1.85. We'll have to see how "bloated" that is.