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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