Many were trying to make a killing on Google Error. Did they?

 

wrong


Source: Wikimedia.org

Over the last few days there has been an increase in  Options  activity. Some was related to Googles premature announcement of earnings for Q3. Review what happened in the article below. It showed last Friday  more than 27000 options were traded in Google.Overall over  11 million shares were traded on the total market.

Options Unusual Activity Unusual Options Activity Review: DISH, CVC, ECA …

“175,000 calls and 272,000 puts traded on the stock as well. October 680 puts, which expired Friday slightly out of the money, were the most actives in Google options. 27,610 traded. Beyond the front-month options, the most actives were the November 700 …”
http://www.theoptionsinsider.com/unusualactivity/%3Fp%3D100002202%26qcABC%3D1

 

 

 Does this mean money was made shorting? The price dropped 8 percent and has now recovered almost. Some may have but it was not a bonanza for all. Only those with the capability to act fast and have 24hr eyes on the market could have made something.  Smaller traders are still better off following a clear, planned , system of trades especially in Options.

3 thoughts on “Many were trying to make a killing on Google Error. Did they?

  1. Pingback: Latest AMGN News | Wall Street Stocks

  2. My partner and I absolutely love your blog and find almost all of your post’s to be what precisely I’m looking for.
    Do you offer guest writers to write content for you personally?
    I wouldn’t mind creating a post or elaborating on some of the subjects you write concerning here. Again, awesome weblog!

Leave a Reply

Your email address will not be published.