I agree with this comment: "it seems a test of its 52-week closing low of $257.44 may be likely." GOOG pierced 300 with nominal rise in volume. We're back above $300 with today's market rally, but unless it holds and we get some volume into the name, it appears GOOG is targeting a retest of the low.
"We were able to pick up the Aug $45 puts for $1.64 at about 4:09 and this is a wonderful and little-used way of protecting yourself when earnings don’t go your way."
How is it that these puts cost you $1.64, the Naz is down -1.88%, yet the options are selling for $1.56?
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How is it that these puts cost you $1.64, the Naz is down -1.88%, yet the options are selling for $1.56?