GOOG Google: Christmas results...

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	Wesley To
	Mill Creek, WA User since Jul 2011	64
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Christmas results...

I think its time to cover this stock, its been holding at around $620 for a few days. Leading into earnings next week I would say we go up from here.

Positive notes:

1. http://www.theverge.com/2011/12/28/2665397/android-ios-activations-christma...

2. Amazon fire runs android, although they did not sell as many as some would hoped its still a huge boost of app downloads from about 3-million+ fires.

I am playing a calendar spread on this as I believe there will be a small pop on earnings and then a pretty immediate retreat as big firms move money into Apple for their earnings the following week.

SOLD Jan $635 PUT

BUY Feb $635 PUT

I will also probably buy a couple cheap call options on Thursday the 19th in case of a very large pop > $475 where its previous high sits.

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What People Are Saying...

Larry Leviton agreed at 1/13/12 11:05 PM Price action was $624.99 -4.65 (-0.7%)

Good use of a calendar spread.

Larry Leviton said at 1/13/12 11:08 PM Price action was $624.99 -4.65 (-0.7%)

Good use of a calendar spread.

Mike Barkett said at 1/20/12 9:39 PM Price action was $585.99 -53.58 (-8.4%)

Did this spread make money on the drop?

David Sachdev said at 1/23/12 9:36 AM Price action was $585.99 0.00 (0.0%)

I'm wondering too....I'm guessing that the payout on the January options was a bit harsh, but that the Feb's didn't gain that much - is that correct?

Wesley To said at 1/23/12 12:02 PM Price action was $584.80 -1.19 (-0.2%)

Sorry for the late reply, I got out of this trade with losing commission on the trades. Unfortunately, I needed it to drop after Friday not on Friday. Losing only commission on a trade that doesn't go your way is okay with me.