A call for GOOG to go up

It’s always a bet when it comes to GOOG.  That’s why I like and hate to play GOOG options.  I’ve actually been on the wrong side of a GOOG option and lost more money than a teenager at the Bunny Ranch.  So this time, I’ll keep a quick stop and hope that GOOG goes with me.

Buy:
GOOG Jan08 $690 call (GOQAR), 1 @ $28.00
  stock price when entered $686.48

This will only need one semi-decent day to be a good deal.

With the wide spread of GOOG options, it’s sometimes hard to make a profit without paying for the spread (when I bought the call the spread was $27.80 x $28.30).  I think that my call was sold when there was a small $.50 dip.  Crazy how some minor stock price change can equate to a large difference.