GOOG: Rise or Demise?

Many a Trader's eyes will be turning to one of the biggest Earnings Announcements in recent memory on Thursday after the close. Google is on the precipice of some very big events, some good and some not so good. First on the list is Google +. While they are still in Beta mode and you must be invited to get in, Google + is expected to make a run after Facebook. If they can even tear away 10-15% of Facebook's revenue (estimated at $2 billion in 2010), that will be a massive new revenue stream for GOOG. Other good news on the horizon for GOOG is the move to the cloud. While they were touted as the first to make it, MSFT has made a big push into the cloud field with the release of Office 365. Competition can be good and bad, however MSFT is stealing much of their thunder with the release of this new product.

On the downside, rumors, confirmed by Google via blog, have been swirling about their potential investigation from the FTC. It is said that the Government is cracking down on their search engine as it is driving its users to their own websites first. I am not sure I understand why they wouldn't, however there seems to be some sort of conflict of interest that is potentially putting GOOG in the crosshairs.
So what does this mean for GOOG? I think we will have some answers this Thursday. All ears will be posted to the conference call and any of this information could send GOOG to the moon, or to demise. That sets us up PERFECTLY for a nice non-directional trade. Want to see what we are trading? Join us Tuesday or Thursday for a Free Live Trade Setup Class. Here is the schedule:

Tuesday, July 12 at 2pm ET
Thursday, July 14 at 1pm ET

To register, go to www.ETNtrade.com/free-events

I look forward to seeing you all there!!!

Happy Trading,

OptionDave

Did You Miss the GOOG Class?

I hope you were there. We had a couple Students who just began their classes who said they have already paid for all 7 weeks worth of training on that ONE TRADE ALONE! If you missed it, or you would like to watch us unwind the two trades live, join us on Friday, October 15th at 1pm: https://www2.gotomeeting.com/register/230758386.

By the way, we did an OCT Strangle and a NOV Reverse Iron Condor! They both should see returns on risk in the 100s of percent.

See you all there. If you cant make it, go to www.ETNtrade.com and set up a free account so that we will keep you posted about the next big trade.

Happy Trading!

OptionDave

Google Earnings Thursday

ETNtrade will host OptionDave to demonstrate a Strategy that has proven to be very successful on earnings past for GOOG. Join this sessions by clicking here: www.ETNtrade.com/free-events

The final round of Online Option Trading Lessons is now underway. Make sure you dont miss this last opportunity to join in.

Free Strategy Session: The Strangle

OptionDave will be holding free strategy sessions over the next couple weeks. Please visit www.etntrade.com/free-events/free-events to register. If you have any questions, please click on Contact Us on www.ETNtrade.com.

Are you watching ALKS?

I certainly am! Approval news comes out today, and my 12.50 calls are looking very nice. Come trade WITH us on www.ETNtrade.com!

Seemed to be repositioning

Sell-off continued today, but rebounded on tech and material stock...VIX had a strong showing...next week is setting up nice.

The VIX is back!!!

Up over 20% today, opportunities abound to take advantage of inflated premiums. I played the DIA in a credit spread (iron condor) with plenty of wiggle room. Should be very interesting how the market responds in the comings days/weeks with regard to the sovereign debt risk issues...Greece, Portugal, Spain, Lithuania...