Forum Moderators: goodroi
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)
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.
