Google Earnings, Profit + 361%
Published on July 20, 2007
Published on July 20, 2007
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This was quite unusual a trade as I was expecting a move that never happened before (at least in $$). I mentioned that I was expecting a move of about $50 (Google was at ~$555) and here we are, Google dipped as low as 509 that is app $46 points move since then. Well, let’s not be so fussy about $50, I also mentioned that I am opening $510, $520 and $610 butterflies with the $10 interval to play Google earnings in a cheap way.
Here are the results:
Closure of the trade:
Total Profit = ($7.85-$1.70)/$1.70=361%
If it never happened, doesn’t mean it can not happen or it will not happen.
Profitable trading, OP
[…] in the cheapest possible way. In the past, I have covered on how to play earnings extensively (GOOG 1, GOOG 2). You may wanna browse this site a little more to see examples of real […]