Filed under: Google (GOOG), Options

Google (NASDAQ: GOOG) closed at $535.60 Wednesday.

GOOG is scheduled to report Q2 EPS on July 17. Cowen says: “We continue to expect GOOG to gain search share and monetize newer initiatives, such as YouTube and GOOG Apps, over time. We are maintaining our Outperform rating.”

GOOG July 530 straddle is priced at $39. GOOG August 530 straddle is priced at $58. GOOG August option implied volatility of 47 is above its 6-month average of 38 according to Track Data, suggesting large price movement.

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

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This entry was posted on Sunday, July 20th, 2008 at 7:15 am and is filed under Goog news. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.