Thursday, July 17, 2008

GOOG buffet... Mind you i could lose all of it...

Between 3:30 and 3:43 pm EST, I BOUGHT the following...

CALL SIDE: july 600@1.6, 620@.45, 640@.30 kinda unrealistic. but hey this is tech...

PUT SIDE: july 450@1.1,420@.30 very possible...

BOTTOM LINE:
I am VERY aware of the fact i could lose ALL off these contracts... Especially if GOOG is flat... However, if i told you last earnings that a $150 risk would bank 12,000... hey that is what you call leverage.

With that in mind, my view at this time is i LOST all of the above at about 4:30 p.m. EST
... 60% to cash... other opportunities await...

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