A Hidden Pivot support at 453.56 would be an opportune spot to try bottom-fishing if it’s hit today. There are no indications that any such weakness is imminent, but if GOOG does get slammed, we should be in there bidding: 11.90 for a single September 460 call. You can use a limit order, but stop-yourself out if the calls subsequently trade below 11.60. I’ve included a snapshot of an option calculator that shows how fair value for the option was determined; however, you could just as easily have used the current value of the September 470 calls, imputing it to the September 460, since the target is almost exactly $10 below current levels. _______ UPDATE: We were in and out quickly for a small loss when GOOGLE got trashed along with the broad averages. The stock has traded as low as $450 so far today, down $14.