Will Google Earnings Continue a Downward Trend?

Well if you’re trading Google earnings on the eve of expiration this is your big day to dream about the outcome of your trade tomorrow.

Google stock has been hit the last couple of earnings periods. Here are a few fun facts to chew on:

The day before Google earnings back in April, options were pricing in a 28 point move and post earnings we got a 50 point slide to the downside. You could say those expensive options were actually underpriced.

Today the options are again pricing in a 28 point move up or down. Are the current options over priced today?  It appears the stock is going to go but the question is which way? Now get some rest…you have a big day tomorrow.