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Message from discussion Google options up 17530%. could someone Explain this
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inashad...@gmail.com  
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 More options Apr 18 2008, 4:06 pm
From: Inashad...@gmail.com
Date: Fri, 18 Apr 2008 13:06:17 -0700 (PDT)
Local: Fri, Apr 18 2008 4:06 pm
Subject: Re: Google options up 17530%. could someone Explain this
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You have to have a huge account to right naked calls or puts.

So the person most likely owned the stock and when he wrote the call
was selling it and getting the extra 15 bucks for the call he wrote.

To him it was a small small gain but a gain non the less.

To the gambler who bought it he made the difference in price from .10
cents (10 bucks cus that is really 100 shares per contract) and the
17.50 x 100 = $1750

Welcome to the world of options trading.
Once you understand its basics you will most likely spend a great deal
of time in this market vs buying and selling the actual stocks.

$10000 into $1000000 happened many many times today.
Also 10k into 0 happened a tons as well lol


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