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Option update: Google December straddle at $48

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Google (NASDAQ: GOOG) is recently trading at $689.72.

Goldman Sachs has an $800 price target on GOOG. Goldman Sachs says: "We would use any weakness related to concerns around the auction (700 MHz spectrum auction) as a buying opportunity."

GOOG December straddle is at $48. GOOG November options expire today. GOOG over all option implied volatility of 35 is above its 26-week average of 30 according to Track Data, suggesting larger risk.

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

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Symbol Lookup
IndexesChangePrice
DJIA-35.8310,415.12
NASDAQ-11.782,164.23
S&P 500-2.561,103.68

Last updated: November 24, 2009: 01:49 PM

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