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!

 

 

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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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