Option update: Google December straddle at $48


Google (NASDAQ: GOOG) is recently trading at $689.72.

Goldman Sachs has an $800 price target on GOOG. Goldman Sachs says: "We would use any weakness related to concerns around the auction (700 MHz spectrum auction) as a buying opportunity."

GOOG December straddle is at $48. GOOG November options expire today. GOOG over all option implied volatility of 35 is above its 26-week average of 30 according to Track Data, suggesting larger risk.

Daily Options Update is provided by Stock Specialist Paul Foster of theflyonthewall.com

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IndexesChangePrice
DJIA-89.2312,801.23
NASDAQ0.002,903.88
S&P 5000.001,342.64

Last updated: February 13, 2012: 09:34 AM

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