I just sold naked Goog call option at the strike price 330 with the premiums 5.70.
Watch for Monday. The call option will be 4 at the opening price. Time decay over the weekend.
Watch and learn.
Wow...Ballsy trade...It hit 329.xx and bounced back down. Lucky yes..made money..yes, good trade no.
Lets try this again next month..since that same week of OE good reports earnings.
Was anyone here last year on the Goog April earnings trade when it jumped $96 a share and most OTM options were up over 12000%? Its the only trade that kept me in the market last year
this is a loss-loss situation. you either have a good dream and wake up disappointed or you have a nightmare! which is better?
buying options is such an agonizing game already. how do you sell naked options, if not for hedging purpose?! then again, when you talk hedging, you need to start with some money. So what if you don't? you gamble.
Your so full of crap. You got out yesterday, yeah right! You were bragging 45 minutes before the close that you may not have to get out. Your greed(If your really own this trade) or gambling addiction took over, and today you are sweating, because there is no way you got out yesterday, especially with goog sinking at the close. Anyway, I hope for your sake you really got out. Oh why didn't you sell some new calls with your profits? Seems to me the money you made would have been burning a hole in your pocket to make another easy money trade......
Hate to jump on you but you made a post yesterday, 45 minutes before market closed saying you may not even have to buy the options back. Still, I hope you thought better of it after the post and sold.
If not, chances are GOOG will end the week close to 330, leaving you ok. But if in the meantime, it shoots up to 345 or so, remember the option holder can exercise them at anytime, sticking you with the difference.
Full disclosure, I have no position in Google but may make an options bet Thursday or Friday if it moves too far from Max Pain. Small money bet only.