Think Google (GOOG) is going to beat estimates announcing earnings this week? Here’s how to put your money where your mouth is, according to the WSJ:
To take advantage of increases in Google stock, investors can buy October “call” options that allow them to buy the stock for $530, says Goldman Sachs derivatives strategist John Marshall. Those October calls are currently priced at $7.90 and make money if Google shares rise above $537.90 before this Friday, about 4% above last Friday’s closing price of $516.25, up 0.4% A call conveys the right to buy a company’s stock at a fixed price.
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