Options Action: Google

How should you trade Google ahead of earnings on Thursday. Don’t make a move until you hear from Brian Stutland.

With the stock up $100 since July, Stutland likes playing Google with a put spread.

Sell Nov 510 put $7.50
Buy Nov 480 put $2.50

Learn more about this trade. Watch the video now!




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Trader disclosure: On October 12th, 2010, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Adami owns (AGU), (BTU), (NUE), (C), (GS), (INTC), (MSFT); Adami’s wife works at Merck; Finerman’s Firm owns (ARO); Finerman owns (GOOG); Finerman’s Firm owns (IBM); Finerman and Finerman’s Firm own (JPM); Finerman’s Firm own (MCD); Finerman’s Firm owns (RIG); Fienrman’s Firm owns (WMT); Finerman's firm is short (IJR); Finerman's firm is short (MDY); Finerman's firm is short (SPY); Finerman's firm is short (IWM); Finerman’s firm owns S&P 500 puts; Finerman’s firm owns Russell 2000 puts; Seymour owns (AAPL), (GE), (GOOG), (INTC), (MON), (MSFT), (MOS), (POT)

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Bernstein own more than 1% of outstanding common stock of (CMCSA), (CVC), (TWC), (S), (DTV)
Bernstein makes a market in (CMCSA), (DISH), (DTV)
Bernstein’s non-investment banking service clients in the last 12 months include (TWC), (T), (VZ) (S)
Bernstein receive compensation for non-investment banking services from (CVC), (TWC), (T), (VZ)
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