Change in plan for Google, going for “Top Greed”

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Oct 18 2007
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Google Inc. stock was trading in a very narrow range and for the most of the morning session it was trying to breach the $632 resistance. It managed to do so at 1:45pm trading time (as of writing). So some crazy ideas pop-up into my brain and I’ve decided to let my little GOOG Nov 570 Call Options run till the end of the trading bell and leave it’s fate to the earning announcement.

Yeah, I know I said earlier that I’m gonna take the profits and let a small contract to try the luck and see if I can get the trophy of my own making. Well, screw the plan. Somehow I feel good about Google Inc.’s earning this round (heck, wish me luck) and I think the volume is picking up as we speak. Although the Nasdaq is struggling the whole day to enter the green territory, I just hope no more stupid speech, data or announcement to be released today that can affect the stock price.

So, I’m going for the “Top Greed” to maximize my profit (if everything turns well). It could be a disaster and this could be my biggest risk I ever take. Let’s wait and see.

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