FEB goog butterfly (69% loss)

1/31/08
bot +1 butterfly goog FEB 570/600/630 CALL @ 5.75 (mark 562.03)

analysis:
GOOG has been beaten down and I believe the earnings should prove solid. I don't see them guiding lower as I would think that interent marketing would increase b/c it is cheaper and still effective. YHOO had weak earnings yesterday and I think GOOG could prove to be still gaining ground in the core business.
I learned a lesson with AMZN today and the crush in vols that destroyed the trade. This trade is -vega and will profit from such a crush. I did choose to go bullish on this trade so a gap down will prove devistating for this trade.

2/1/08
sold -1 butterfly for 1.80
originally bot for 5.75
total loss = 3.95 or 69% loss!

FEB GOOG vertical 500/490 (+19%)

1/23/08
sold -1 vertical GOOG FEB 500/490 PUT @3.05 (mark 533.65)
GOOG down aprox $50 today -8%
note GOOG doesn't move this much on their earnings...whats the deal!!
500 a good past support level

1/23/08
BTC +1 vertical GOOG FEB 500/490 PUT @1.75 (mark 555.40)
originally sold for 3.05
net credit 1.30 per contract (1) $130 gain
Intraday trade, I placed a limit order in and got filled.
Figured a 20% gain would be sufficient for this trade.