Well I made the leap and executed on my GOOG stock. I will start writing a protective put on the $400 price and then start selling calls once it goes over $500. Should be a nice ride for a while.

I am still long term bullish on YHOO but it will take a price beating for the next few months.

Also still strong in MSFT as January should be the month to watch them rock and roll...along with DELL.

PS Isn't it interesting that GOOG is still at $450 when analyist estimates are at $500+? I think next week will see the price increase but still. Could be a nice short term gain today over next week. Unfortuantly all of my available funds are now in GOOG stock and YHOO and MSFT contracts. Ah well, GOOG protective puts and long call writing should be fun.

PSS As a recap, I purchased 1 GOOG Oct contract at $400 for $23.25. Executed on the contract this AM to take posession. I will buy a $420/$430 put to protect the downside and then sell a 30 day $500+ call for the upside; but waiting to see the price move above $500 before I do either.