Massive Short Squeeze After Hours (GOOG) Huge Earnings Beat Wall St Left it For Dead!

http://www.StockMarketFunding.com Massive Short Squeeze After Hours (GOOG) Huge Earnings Beat Wall St Left it For Dead! SMF was one of the very few firms on the street that was bullish on Google and we went long the $570 Calls at $3.30 vs the $490 Put we bought at $1.15. We were weighted 5-1 call side to the put side. HUGE TRADE! Contrats to all SMF Pro Traders Long the Calls! We'll be pleased to lose 100% on the 1 put we bought.

Google beats by $0.91, beats on revs (528.94 -9.32)
Reports Q2 (Jun) earnings of $8.74 per share, excluding non-recurring items, $0.91 better than the Capital IQ Consensus Estimate of $7.83; net rev (subtracting traffic acquisition costs) TACrose revenues rose 36% YoY to $6.92 bln vs. the $6.55 bln consensus; gross rev +23.9% year/year to $9.03 bln vs the $8.63 bln consensus. Non-GAAP operating income in the second quarter of 2011 was $3.32 bln, or 37% of revenues. This compares to non-GAAP operating income of $2.67 bln, or 39% of revenues, in the second quarter of 2010 and 38% in Q1. Operating expenses, other than cost of revenues, were $2.97 bln in the second quarter of 2011, or 33% of revenues, compared to $1.99 bln in the second quarter of 2010, or 29% of revenues. Average cost-per-click, which includes clicks related to ads served on Google sites and the sites of our AdSense partners, increased ~12% over the second quarter of 2010 and increased ~6% over the first quarter of 2011. Aggregate paid clicks, which include clicks related to ads served on Google sites and the sites of our AdSense partners, increased ~18% over the second quarter of 2010 and decreased ~2% over the first quarter of 2011. As of June 30, 2011, cash, cash equivalents, and marketable securities were $39.1 bln. Net headcount growth (excluding approximately 450 employees hired as part of the acquisition of ITA Software) was similar to the first quarter of 2011.

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[DirectAccessTrading]

Go Google!

[StockMarketFunding]

@DirectAccessTrading Now it's GO APPLE

[OptionsSchool]

All CNBC analyst...WRONG! Great work guys!

[StockMarketFunding]

@OptionsSchool You noticed, thanks for checking out some of our great calls, we also shorted the stock and told people to get out before it dropped $100 watch?v=si9v2af6D2I

[OptionCzar]

@StockMarketFunding sure right about that!

[StockMarketFunding]

@SMFHotStocks it's nice to be on the right side

[StockMarketFunding]

@jcNOVA88 thanks for watching

[StockMarketFunding]

@smfstreet he's on and off, he keeps Wall St on their toes

[StockMarketFunding]

@ChartingPlatform It's amazing how we got up to $670 and now we have an opportunity to do it all over again!

[StockMarketFunding]

@OptionsSchool they really stole those longer term puts on the spike ;-)

[StockMarketFunding]

@poetlionheart we missed you today, it was a kick ass options trading day!

[poetlionheart]

Once again SMF turns Jack$on$ into Benjamin$.