More GOOG is good GOOG
This morning I was pretty short on time and didn’t get a chance to flip a coin or make an edumacated guess as to the direction of the market or any stock. I saw that GOOG was up this morning and wanted to take a shot at it falling though, so I bought a put. Well, two puts. Right now, it’s not looking good.
GOOG has been holding itself up well. It was up to $440.00 earlier in the day, which would have been great for me to buy the puts at. Instead, well, I bought too early and though the stock is down a buck, it’s still above my buy point.
Buy:
GOOG Mar08 $440 put (GOPOH), 2 @ $20.40
stock price entered $430.16
This might be a position I will sell for a little loss instead of waiting it out. GOOG can be a brutal stock (or option) to be on the wrong side of.
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