Google(NASDAQ:GOOG) closed at $694.04. International CES will be held January 7-10 in Las Vegas. GOOG will be participating in the 700 MHz spectrum auction that begins in January. GOOG is expected to report EPS in late January. GOOG December 690 straddle is at $24.70. GOOG January option implied volatility is at 32, March is at 36. GOOG's average option implied volatility over the last 26-weeks is 31 according to Track Data, suggesting larger risk after January expiration on January 18, 2008.
Options Update is provided by Stock Specialist Paul Foster of theflyonthewall.com
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