Rochester,NY 7/14/2009 11:50:55 PM
GOOG - Google Suggest a Big Swing Soon Since it’s Under Volatility Levels
Google Inc.
Google Inc., GOOG
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Options traders positioned themselves ahead of company earnings as the first week of the second-quarter reporting season began, and showed a willingness to pay high prices for Google options in anticipation for its results on Thursday. July options contracts expire Friday, and usually options contracts lose value as their expiration date approaches. But if a company's earnings are expected near the expiration date, they tend to keep their value. That was the case for Google, which saw its July $430 calls exchanging hands at $10 in recent trading.
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