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Google began trading options yesterday.

Very heavy trading reported

     
6:51 am on Aug 28, 2004 (gmt 0)

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Reuters reported that more than 69,000 Google options traded on Friday, very heavy trading for options in an individual name. More than 31,000 of the trades were in calls essentially, bets that the stock will go up and nearly 38,000 were in puts bets that the stock will fall.

More info here [news.google.com].

Google Option Quotes here [quote.cboe.com]. (scroll down)

10:04 pm on Aug 31, 2004 (gmt 0)

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31,000 of the trades were in calls essentially, bets that the stock will go up and nearly 38,000 were in puts bets that the stock will fall

You can see it the other way around, assuming that anyone who purchased a put also went long (bought the stock - not just the option) so the put was only a security add-on in the event that the stock plumps.