Stock opened up $14, Feb $620 calls were up $2, delta of 14%, calculated delta was 88% at the open. Currently Stock is up $7.86 and bid on the $620 call is $1.40 under yesterday’s last trade.
So the option market is telling us that GOOG will be under $620 in a month, do you believe that?
conshmillo 8:47 pm on January 21, 2011 484 days ago Reply
Schmidt Plans To Sell More Than Half Million Google Shares
http://online.wsj.com/article/BT-CO-20110121-711139.html
carlmuck 9:00 pm on January 21, 2011 484 days ago Reply
Yeah, but that doesn’t account for the early option action. Though it looks like it (the early options pricing) was accurate for the day. For some insider selling says something, I’m more interested in insider purchases. Selling can be for lots of reasons, buying indicates real belief in the company.
I’ve been pretty well spanked today. I don’t see it holding for long, the forward PE is at only 18. I’m hoping for a better week next week.