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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

Option update: Google December straddle at $48 originally appeared on BloggingStocks on Thu, 29 Nov 2007 11:35:00 EST. Please see our terms for use of feeds.

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