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Google’s Repriced Options are $18 Underwater on the First Day

Google’s Repriced Options are $18 Underwater on the First Day

by Frank Roche on March 9, 2009

in Underwater Options

picture-6

Man, this market is tough. And talk of Google’s options repricing was big on Twitter today. Google repriced employee stock options at the market close on Friday, March 6, 2009. The new strike price for Google options was $308.57. However, those options are instantly underwater. GOOG shares finished the day at $290.89, down nearly $18 from the strike price. Ouch.

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