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If you are correct why not just buy 20 of the 470 calls at 11.80 the current offer. They have a theoretical value of 14.69 with a delta of 45. For $2360 you can control about 100 shares until March. With Expiration Friday you could sell the Feb 470 calls for 2.70 to reduce your cost and if price rallies into Friday the spread will increase in value. Greater fool theory seems to indicate that GOOG should go out at about 460.
If I remember correctly I have a projected low on the stock of 458. I will have to check that later.
Just one mans opinion. Ira.
----- Original Message -----
From: Ben
To: astrofin@xxxxxxxxxxxxxxx ; ntt-list@xxxxxxxxxxxxxxx ; realtraders@xxxxxxxxxxxxxxx
Cc: vincent
Sent: Sunday, February 11, 2007 9:28 AM
Subject: [RT] google
is it time to buy
you say you can not afford it too expensive to trade,,, WRONG
just trade 50 shares
say you bought 50 at 461 your total output $23050 plus comm
if it only go up to 471 you made 500 minus comm
you put stop loss at 456 or just $5
long term trading suggests we are near a bottom
see gif
right way to trade it
After it makes a lower low on monday you watch it climb
you put a buy stop at $5 above the mondays low
stop loss is mondays low
real objective is about 475-485
Ben
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