Just a reminder that we own the September 270 – July 510 strangle for 13.20, having legged into it just as volatility was going comatose. Now, however, Google seems to be reviving, turning the call-option portion of our position from a distant longshot into a mere longshot. I’m not suggesting buying any calls right now if you did not hold them originally, but it’s time to notice that the 15% rally needed to push our calls into-the-money is not so farfetched.