GOOG will be my next prey

GOOG Mar08 $430 put (GOPOF)I need to make money because if I don’t, I won’t have any money left and someone will repo my humor. And without humor, I might turn into gay Richard at MoveTheBowels. I chose GOOG as my next target because it looked easy to spell and reminds me of my Vietnam days.

The reasoning behind choosing GOOG was pretty easy. I already had that symbol on my options trading screen. The logic behind the Mar08 $430 contract? That’s the best one I could afford.

Buy:
GOOG Mar08 $430 put (GOPOF), 1 @ $6.20
stock price entered $450.54

GOOG Mar08 $430 put (GOPOF)

While I write this short post, the option is already up around $80 in profit. I think that I’ll just hold it until later today, hope for more market falling, then cover with whatever profit there is.

And as you know, I’m watching JCP and loving what I’m seeing. About f’ing time!

selling post

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Posted By: Michael

News Category: GOOG, Options, puts

 

 

4 Responses to “GOOG will be my next prey”

  1. I hope you are still holding to that put :)

    fiaz on 06 Mar 2008 at 3:36 pm
  2. I wish I was too.. took advantage of a chance for quick cash instead.

    Michael on 06 Mar 2008 at 5:35 pm
  3. movethebowels…LOL!

    btw, i see u showed mercy and changed the myspace page…too bad, that was the best prank ever on a trading blog…i can’t wait for your next attack (as long as it ain’t me)

    john on 07 Mar 2008 at 2:02 am
  4. Actually, the MySpace page was taken away. There was an email about violating some sort of MySpace rules. I guess MtB decided to jump onto a MySpace page.
    There’s an attack in progress, it’s just taking a little longer than pevious attacks.

    Michael on 07 Mar 2008 at 7:06 am
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