After the Q2 Earnings Report, Will Google go back to $500?

It will definitely take a while for Google to return to the 500 level, however it will happen. The market is flustered and unconscious. Investors are not willing to trust any companies right now. As soon as decent profits are locked in there will be a sell off. The market is likely to channel sideways for the next few months until investor confidence is stable. my suggestion to you is if you wish to own google you have too possibilities.

First, simply buy the long term options on google. This will cost you less than actually buying the shares however you will not actually own the shares until you execute the option should it move into the money.

The second path you could go down is to buy the stock and write covered calls. Here you would buy the stock at the current price and then sell a call option at a strike price higher than the price you paid. Should the stock price stay below this strike price then you keep the premium that you earned as well as your stock. Should the price of the underlying stock, in this case google surpass the strike price then you would sell your stock at the strike price of the option. Either way, this is an excellent position to take in sideways trending markets.

Good luck either way and if you have any other questions please don't hesitate to ask. I am always willing to offer advice and discussion!

There is no "W-2" for this. The form that they will send you is a "1099". Also, if you make any money this way, then you cannot fill out a Form 1040-EZ. Instead, you have to use a Form 1040. The Google money goes on that form, and also on either Schedule C or Schedule C-EZ. If it is over $400, then it also goes on Schedule SE.