Many stocks implode after earnings even if they exceed expectations. I'd like to know if GOOG takes that route. Last quarter, if you'll check, GOOG took a dive after earnings, but I don't know if that was disappointment or just sheer MM manipulation. Also, if you'll look at the options expiring tomorrow, they are huge compared to other weeks. That suggests to me that no one really knows what will happen post-announcement, but that a big swing short-term is in order. I've got a put spread 60 points out-of-the-money on the hopes that the swing down won't be that much after all the shouting is done. Does anyone know how GOOG reacts?
Implied average move on GOOG is anywhere from 5-7 per cent. Since it's run up I would look for potential of a sharp drop and relatively lower pop move. Could drop 40, might pop 20 plus. Any drop after 3 days should be considered as a buy oppty.