Google’s Third Quarter Earnings

Google’s third quarter earnings were released early today. It was a big miss for Google on profits. The stock opened today at $755.54, hit a high of $759.42, then dropped all the way to a low of $676.00 before bouncing a little and closing at $695.00. It will be interesting to see what tomorrow brings. Below is a chart showing the big price move measured in standard deviations. Today’s drop was over eight standard deviations!




About sellacalloption

Author, Radio Show Host and Portfolio manager and chief option strategist for IWC Asset Management.

Posted on October 18, 2012, in Option Basics and tagged , , . Bookmark the permalink. Leave a comment.

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