Friday, June 19, 2009

Gap example: GOOG

GOOG gapped up from 413.59 to open at 414.87 today. It quickly jumped up to 418.5 but then dropped to 414.74 by 10 AM. The 420 ITM put (expiring today so delta was over .94) opened at 2.8 and then ran to over 5.4 as the stock dropped.

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