This is a play on Google's earnings report on Thursday, October 13th. There seems to be a bearish feel on Google. I believe it comes from them attempting to enter the manufacturing business with the aquisition of Motorola (for a hefty price) along with the Market fears.
I remain bullish on Google, I believe they have prooven themselves time and again and whatever they are doing with Motorola will pan out. The android is an amazing OS. I have no reason to doubt Google as a company and I will make a bullish option play for October expiration.