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Showing posts with label GOOG July 2013 iron condor. Show all posts
Showing posts with label GOOG July 2013 iron condor. Show all posts

Friday, July 19, 2013

Google "Earnings Play"

7/17/2013

Google earnings:  7/18 after market close

buy 10 July 1005 call options
sell 10 July 1000 call options
sell 10 July 835 put options
buy 10 July 830 put options

Net credit:  $0.45 ($450)

7/19/2013 (expiration)

GOOG closed at $896.598
All options expired "worthless"

Gross profit:  $450 (in 2 days!).....  9% return on capital in 2 days

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