Google Buys YouTube

http://biz.yahoo.com/ap/061010/google_youtube.html?.v=8

Where is the talk of the copyright litigation this opens Google up to? JL mentioned that the journal discussed it but it looks like Mr. Market is shrugging it off. What are the longest puts available for GOOG?

Options options options

The journal this week noted, wisely, that Harrah's saw some awfully interesting option activity two days before the Apollo / Texas Pacific buyout proposal. On Thursday, SIX TIMES August's call option trading volume was exchanged. In 635 I had to present and did some quick math. Someone might have turned $2M into $10M in a mere three days. Until they have to give it back...