Entry is Key...Exit is Everything! ^TM

Stock Information

 Updated 9/10/13

Stock ticker symbol: GOOG

Current Price: $888.67

Change: +0.62

52-week high: $928.00

52-week low: $556.52

Earnings: 7/18/13 (miss)

Trade Bias:

 Cautiously Bullish

Trade Type: Options / Stock

No Plays

Symbol

Month

Strike

Type

Date

Strategy

Qty

Entry

Exit

P/L

ROI%

Days

Weekly Lotto Trades

GOOG

Swing Trades

GOOG

-

-

-

-

-

-

-

Monthly Plays

GOOG

Long Term Plays

GOOG

Sep13

880

Mini

Covered

Call

8/15/13

Rent

5

11.30

Credit

GOOG

Stock

Stock

Long

Stock

8/15/13

T2

Rebound

Speculation

50

863.81

Closed Today

GOOG

SepWk2

885

Call

9/10/13

89 MA bounce

Close over

SGB

2

Pending

$4.00

or better

No

Fill

9/9/13 - Another $888 close today but it's a SGB so if AAPL dies tomorrow, will GOOG pick up the baton or succumb to this bearish signal? We will see as the rest of the trading week progresses. No fills on my Lotto calls so I cancelled them.

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9/9/13 - Gap and rally with a close EXACTLY at my T2 price level! As I said, AAPL gets upgraded to $777 and they take GOOG right to $888.05. Can you say price MANIPULATION going on here? Hmm, will this be the case for AAPL or is that code GOOG is the winner. After all, 888 is considered LUCKY numbers in China.

In Chinese numerology, 888 has a different meaning, triple fortune, a strengthening of the meaning of the digit 8

Is is just coincidence that AAPL happens to be giving the "BIG" announcement on new products and probable green light to do business in China? You can make a case this closing price is "code"; however, can you really know what the outcome of this code will be? Are "they" saying GOOG is lucky for US investors and a slap in the face to China investors? Or is this closing price a telegraph of the literal meaning of the 888 numerology? That is for you to decide, but it's just interesting to me to point these things out as a different perspective.

I did not get filled on my calls since GOOG gapped higher, so I will just fish again. I will NOT chase price with these big stocks. I have been burned way too many times so I will keep fishing.

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9/8/13 - GOOG has been building momentum until Friday's SGB and now it's decision time for this stock. I am using the 89MA as my support / resistance marker. Because these options are very expensive and packed with IV you need to fish for lower entry prices to give you a much higher odds advantage to make profits. The upside target is T1 around $888 and with AAPL getting a $777 price target, you know GOOG just has to hit $888...lol.

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8/29/13 - Finding buyers in the face of war? Hmmm, I think there may be some sucker punches being set up here because there is no way this stock is going higher if war breaks out. So long as GOOG is under the 89MA and the 21MA on the weekly chart this stock is vulnerable to a drop back to $800 or the 200MA. As you know, I find significance when stocks close on Fibonacci numbers and with today's close at 855 I view this as "code". Question always is, is that code to get out or get in? Well, if the Weekly chart has anything to say, it's screaming SHORT. My long shares are taking a beating, but I am holding onto them as a long term investment unless or until I get called away. My covered calls have some nice profits building so if the selling accelerates, I will profit stop out and sell some more.

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8/27/13 - No bounce off the 89MA and GOOG gets whacked with a down market. Forget about $1,000 this year unless it gets back over $915.00. My next stop/bounce is T3 around $834.00.

With all the uncertainty with world politics and eminent war in Syria, you know high flying stocks like GOOG, AAPL, PCLN etc. will be hit hard and fast. If the war talk remains that, talk, these stocks will come back faster than they drop off so start speculating with a few OTM calls.

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8/18/13 - A pop and drop day for GOOG giving us a decent profit on the hedge puts. I still have my shares and covered call in tact. I plan on picking up another position this week if GOOG moves back over the 89MA on the daily chart. We have a Bull 180 setting up but we need a green bar before we can execute a trade. I will wait until the green bar takes out the preceeding red bar at the close of trading. Because of the volatility in GOOG, you have to be willing to accept a 100% loss if you execute a Bull180 at this time.

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8/15/13 - I did not get into any of the calls when GOOG gapped down at the open. Now that the 89MA has been taken out and GOOG stopped at the bottom of my SGB range, I do expect a move higher tomorrow if the markets rebound rally. I bought 50 shares of stock today and sold a covered calls when GOOG did not show any rebound strength. I also bought some Lotto Puts as my hedge just in case we get a gap down. I full expect GOOG to have a nice snap back up over T2 tomorrow, so if I do not get filled on my WW fishing orders, I will buy some Aug13 and AugWk4 calls.

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8/14/13 - Look out below, GOOG is getting dumped while AAPL is getting pumped up. The sink hole has opened up but will it be a black hole taking GOOG down to the 200MA? Well, that depends on how the stock reacts to the 89MA; which I expect it to test tomorrow or Friday. I think all this recent selling in GOOG is part of a multi-high beta stock dump to move money to AAPL. The monthly chart clearly showed us the potential with all those topping tails and now that GOOG has pulled back to T2 it must hold the line or I can definitely see GOOG making itw way to T3. I am looking for a bounce at the 89MA/T2 in the next two trading days.

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8/13/13 - The cracks are turning into a sink hole and the Monthly chart has turned from an SGB to a Red candle closing below T1. Goog is a short for me under T1, cover over T1 and long over the Aug high. Not looking like my 990 calls are going to profit by Friday.

I am looking for a WW play on Friday

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8/11/13 - GOOG appears to be falling into the cracks and could see a correction coming as my Monthly chart indicates with GOOG now showing the beginning of an SGB.

The daily chart is setting up for a nice measured move and I will be ready to make my plays when I see how GOOG trades off this SGB Trifecta

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8/4/13 - Testing the SGB zone and if GOOG gets over it then then I am going to go with more long positions. A failure to hold $900 is not a strong short so do not get greedy with large contract loads. Take profits and let some ride if you short under $900. The monthly chart shows GOOG was topping out but as long as Aug holds above my T1 target, my bias for GOOG is long positions. I am still looking for GOOG to make moves back over $930 as it heads to $950 and then 1K. I know that is most likely not going to happen in August without some massive news story behind it, so I am going to pay close attention to the Monthly chart for clues to my directional bias.

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8/1/13 - W pattern breakdown has been tested and is holding so far. The next and final test is the SGB for the short term direction of GOOG. I plan on picking up some Lotto 900 puts tomorrow if GOOG fails to get and stay over $910-$912 and I can get  a few contracts for $1 or less ONLY if GOOG falls back under the SGB.

If GOOG closes above the SGB I will sell some naked Put tomorrow.

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7/25/13 - GOOG gapped down today and stopped right on my T1 target. It is in danger of failing the W pattern, but I would be a buyer of any dip down to T2.

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7/24/13 - Profits are being taken, and GOOG has a LOT of profits for the taking but I do not think there will be panic selling. The daily chart shows us a very large W pattern and GOOG is now testing the V which must hold ground to keep the bulls motivated to buy again. If GOOG fails $900 this week then I will be looking for a bounce off T1 and fishing for a WW trade on Friday. If GOOG catches a bid off $900 the move higher should be a very strong one on high volume to convince the Bears this stock is leaving them in the caves for hibernation and heading to $1,000.

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7/22/13 - No continuation in the selling this morning so the shorts were squeezed all day today. GOOG closed EXACTLY at the top of the last SGB on the daily chart so if it fails to get over it, and close above $915.00, then I am looking at shorting this stock back to my T1 line.

The daily chart has GOOG in a very large W pattern that "technically" failed the V so if it trades back under $900 we could see some accelerated selling back to the 89MA.

I think this stock wants to definitely hit that magical $1,000 level, so unless there is a total market meltdown, I am thinking GOOG will make the move over the next couple of months unless they have a surprise split announcement then BOOM, there it is!

I am going to start accumulating some Aug13 990 calls for a speculation play. I DO NOT recommend you follow along unless you have the funds or you make the money doing something else. These are highly unlikely to make a profit but you never know.

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7/18/13 - GOOG misses estimates on rising profits and stock gets a slight spanking in after hours, but will this turn into a beating tomorrow? I do not think so, but that depends on how the overall markets react too. This company is running on all cylinders and then sum, so valuation investors will be looking for pull backs to buy and there is still the long term future. The pivot price for me is $900 and if that is tested tomorrow and fails, then I will pick up some shorts. There was not a split announcement, but there could be one in the near future, so you better keep some DOTM calls on tap.

I will be watching to see how GOOG reacts to the after hours low at 858.90 in pre market trading.

The daily chart has a bullish W pattern, but GOOG traded down to the bottom of the SGB. If this bull party is going to continue, GOOG must get back over $903 and take out the SGB—a failure at T1 or T2 is a strong SHORT!

After hours trading has GOOG touching down on my T2 and the SGB on the daily chart above.

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7/17/13 - Tomorrow is GOOG's big day we are all waiting for. If the daily chart W pattern is solid, GOOG will continue to power higher provided the earnings are very strong.  We will see what happens soon!

Get ready to go White Whale fishing on Friday morning!

I am jumping back on some JulWk4 990 calls as well as some JulWk3 950 calls....here we go!

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7/16/13 - Getting quiet before the action starts! The daily chart still has GOOG ready to advance higher. The Top of the V in the w pattern must hold to keep the technical buyers jumping in. Get ready for some WW fishing. If you have a small account then skip this one and look to catch on on NFLX or AAPL or TSLA.

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7/15/13 - GOOG started to sell off but found buyers once the AAPL news circulated and gained back with a $10 run. The GOOGLEWORKS should be explosive on Friday so get ready. The option prices are ridiculous so we need to fish for cheap price and hope GOOG delivers a wide price swing

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7/14/13 - Earnings are on Thursday after the close and Friday is July expiration. GOOG has a textbook W pattern and that is a strong bullish signal, so as long as this stock stays above the $910 price point, it's still a long. Earnings blow out and GOOG is on it's way to $1,000—you know investors are wanting to see that happen! I have my 990 calls in play and I will be adding some puts later in the week too. I am fishing for WW trades every day this week and hope to catch one or two too!

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7/12/13 - Quiet day for GOOG as it tested the new all time high. I was hoping for another move higher all day and it just did not happen to my expectation. I made some nice gains on WW Put trades and did some daily scalping too. In the last half hour of trading I bought 10 of the JulWk2 920 Calls anticipating GOOG would stage an end of day rally/short covering and jump up $5 but it just hugged $920 down to the final seconds of trading before popping over it. I sold at 12:58:40 and squeaked out a small profit selling at .85. Then in the last 20 seconds of trading, GOOG jumps over $920 to close at $923 and bumping my options to $1.95. I was bummed out but I just could not take the risk of getting assigned 1k shares of GOOG with less than a minute to go so I took my profits and missed out on that trade.

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7/11/13 - New all time high for GOOG today! Nice to be long those 900 calls!!!!!! My 990 calls are almost up 100% and my Aug 990 calls are up over 100% so far. If GOOG blow out earnings it WILL go to $1,000!! I jumped on some Lotto calls today for tomorrow. If you want to get in tomorrow, then place a WW fishing order in the morning and hope for a drop and pop or a gap and crap because a lot of times when a stock hits a new all time high it pulls back the next trading day.

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7/10/13 - Struggling to hold onto $900 but now that Uncle Ben has said his peace, there is a strong possibility of a market wide rally tomorrow and GOOG loves to participate in rallies!—most of the time.

Yesterday resulted in a very big SGB and it was looking like today GOOG was responding with a downside move. Interestingly enough, GOOG moved right to the very top of yesterdays SGB; however, in after hours trading GOOG is right back to the high of the day poised to bust a move and put in a new all time high on its way to $1000...if earnings are a success!

Anything can and does happen between now and the open, so let's hope we get a nice pop and drop or a drop and launch tomorrow!

This SGB is going to be the major support or the major resistance.

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7/8/13 - GOOG gapped open to $900 and kept right on moving higher, but in a controlled ascent.

As long as GOOG holds over $900, stay LONG this stock and get ready for some Lotto and WW trades next week. I am looking for a morning pull back and then launch beyond $900 tomorrow.

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7/5/13 - Fireworks indeed! Markets shot up on better than expected employment numbers and all that enthusiasm took GOOG with it. All it need to do now is take out the gap zone and then both SGB long wicked DOJI's and $1,000 here we come! If earnings season kicks off strong, I have no doubts that GOOG will move back over $900 on Monday. With earnings coming on the 18th, I am expecting this week to be the earnings run that GOOG has been known for so get ready to catch a couple of White Whales in the coming weeks!

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7/4/13 - Looking for GOOG to take out and hold above the 15-min SGB from Wed. Technically, the daily chart is showing GOOG wants to go higher, but that will be determined by earnings coming up on the 18th. Rumors are beginning to stir that Google Android phone is out selling the iPhone. If that be the case, we could see GOOG launch after earnings and take out $1,000!

I did not get there last month, so I will accumulate some more JulWk 4 and Aug 990 calls in anticipation of a sustained rally.

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7/3/13 - No pre 4th fireworks today. We will have to see how GOOG trades on Friday since tomorrow is a half day of trading. I jumped on shorts this morning after GOOG gapped and crapped out off a 15 min SGB. I covered at the 200MA.

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7/1/13 - Power gap higher today but no follow through. GOOG is failing the gap fill (so far) and closing under my T1 line! The monthly chart has NO red yet so the Level 1 Bear 180 is NOT active yet and that means GOOG can just keep on powering higher. There is a lot of resistance until it can take out $910 but I suspect it will attempt to take out $900 this week if the markets keep on heading higher.

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6/30/13 - A typical Friday for GOOG. Not enough gaping to fill any WW trades and the range was tight all day too. If you were watching a 5 minute chart, you had a nice bounce off the 200MA three times with the last being a sold move up the rest of the day until it was dumped at the very end closing UNDER my SGB zone. If GOOG cannot get back into this zone and then power on through it, I suspect it will be sold off back to as low as $850 if the markets also give up recent rebound gains. Remember, GOOG wants to go higher so do not get too optimistic on the short side until we get closer to earnings. I am hoping the volatility picks up and I get a couple of WW trades filled.

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6/27/13 - Yesterday was starting good and then ended up a perfect DOJI. Today was a gap and crapped out at the SGB back in may; plus, the closing candle is a perfect match to that one too! The next day resulted in a nice Gap down but no recovery and ultimately a nice sell off.  In fact looking over the last 5 Friday's we may be in for the biggest move yet.

Ideally, we want GOOG to gap up in the morning filling our WW puts and then dive or Gap down and blast off.

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6/25/13 - Engulfing BEAR candle not to be ignored! If GOOG opens down then short with a target to $850 and if opens up sell Bull put spreads. These options are very expensive so if you have a small account, buy the mini-options. You are much better off to just keep fishing for a WW trade to have a shot at big profits on GOOG. T2 was tested again today and held up so far...that's a good sign but with this engulfing candle on the daily, that typically means much larger selling is coming next. The saving grace is the volume today dropped off. Rather than chase a short, you may want to just fish for a rebound when it gets to the 55MA or 89MA. I am confident my 845 naked puts are safe for now and I do have a profit on them, so if GOOG manages a rally tomorrow I will close this one out. I am going to speculate on some more OTM calls but this time I am going with the $900's.

I am going to get short some stock tomorrow if GOOG opens up and fails to hold the first 15 minutes.

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6/24/13 - Another notch in the bears belt today. The markets made an attempt to gain ground over the bears but it was not to be. GOOG tested T2 on the Bear 180 and if it does not find support tomorrow, I am looking for a drop to the 89MA to clear out all the stops and get ready for an earnings run. If GOOG can get over the SGB back on 5/28/13 it will have to close the gap on 5/15/13 to stake is ground and begin another ascent to the top of the mountain. I am just fishing for WW trades for now and doing some day trading scalps.

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6/23/13 - Two huge red candles off a long topping tail DOJI indicating GOOG is getting DUMPED. If we do not get a strong move back over T1 by Wednesday, GOOG may be headed back to test the 55MA. If earnings are a miss, this bad boy will easily drop under $800 so we have to ready for that. On the other hand, there is a lot of speculation about splits and new products etc. so that is what I am hoping will take this stock higher. I am going to fish for WW trades and will decide what I want to play in a day or two on regular option trades.

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6/20/13 - Ok, the market meltdown has begin and GOOG gave up a decent amount of ground today (15.94). Yesterday was almost a tombstone doji and that was enough to take this stock down today. The selling was not as bad as it should have been with a 350 point drop in the DOW so that means to me GOOG was only pulling back on some profit taking vs. dumping. We could finally get a nice WW trade in the morning so I will be fishing for one.

If tomorrow becomes a rally, GOOG wants to go higher so I am hopeful it will get back to $900 since that is a benchmark price, Do not buy any further OTM calls than that so you have the best chance of being ITM should GOOG catch a strong bid and rally. With tomorrow being June expiration it will be interesting to see if it happens but if GOOG pops then drops, we could get the big reward so do not buy puts any further than $865 or 870.

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6/18/13 - Another winner if you were day trading in GOOG! Unfortunately, no WW fills because we need a gap down in the morning when we are fishing for call plays so we can get a dirt cheap price. You can always adjust your entry orders, but that is directional trading and not WW trading. I will miss some great opportunities like the past couple of days, but I am looking to hook a White Whale trade that can make me multi-thousand percent in ROI. As we get closer to June expiration I am hoping GOOG make a spiked move in the next couple of openings. Now that GOOG has closed back over $900 it is looking good it will attempt to close at their all time (intra day) high at $920.60.

The weekly chart Bear 180 is basically closed out unless GOOG fails to take out $910 on a closing basis or falls back under T1 then I am looking for Puts and selling Calls.

Buying premium in GOOG is a poor bet, you MUST fish for lower prices or the better way to get in is sell premium and buy OTM positions for the Lotto pay off since GOOG moves around quite a bit. If this current move can sustain itself, GOOG is ready to make the next multi-week continuation move higher.

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6/17/13 - A nice day to be long GOOG! Unfortunately no WW fills this morning so we missed out on a nice day. This is the type of move we want to see; however, we need a morning drop then the snap back rally to make us the big ROI.

The big news on CNBlahC was about GOOG launching balloons with internet broadcasting capabilities for rural areas. That story seems full of hot air...lol I think the real story was this one: Google settles suite over founder control.

Once they clear the deck on share voting power, the company can use those new shares to buy, sell, acquire, dilute the shareholders but the founders remain in full voting control. If this gets approved by the courts, then GOOG will be well on its way to crossing over $1,000 a share. Now if they also announce a stock split (which is what I think this is all about) then get ready to make some BANK! Just keep buying those DOTM calls with profits you make on other trades and one day you could start your trading day up 6 figures!

GOOG did stop dead on my T1 target, but I am thinking the Bear 180 may have played out last week. If GOOG moves back over $890 then I am long shares with a strict stop under today's low.

Bottom line, this stock wants to go higher so I would be looking to buy dips vs. shorting

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6/16/13 - A nice gap up but not quite enough to get my WW Puts filled and I did not chase. If you did, then you were nicely rewarded into the close as GOOG sold off all morning and never recovered during the day dropping again into the close. The weekly chart has an interesting pattern with to engulfing bars sandwiching a Dragonfly Doji. Question is, how is going to be eating, the Bulls or the Bears? The weekly chart says to me that GOOG has a substantial amount of momentum to the upside so any more dips no lower than $850 are buyable.

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6/13/13 - The Bear180 dropped to T2 and took off in afternoon trading. That could certainly be all we are going to get and if tomorrow continues this strong reversal rally, we could be in for a retracement back to T1. I have some JunWk2 850 puts that will most likely expire worthless tomorrow so I am hoping I get filled on a WW trade tomorrow.

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6/12/13 - The Bear 180 is back on and we have the beginnings of a strong profit taking drop is upon us with GOOG, but it must get under the Dragonfly DOJI on the weekly and the daily chart...all of the wicks too. Any move back over T1 and this is a long again. I am looking for GOOG to slide lower the rest of the week and I picked up some $850 puts today for a Lotto Play. I was also filled on my $990 June13 Calls for $0.05 cents. Now that I am locked and loaded, I just need GOOG to announce a split. Most likely not going to happen, so if we get some more selling this week, I will buy some JuneWk4 880-890's.

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6/10/13 - GOOG hit the gates running and I am too. No WW fills so lets hope we get a pull back tomorrow and the off to the $900 races.

Google options are very expensive when purchasing full contracts, but lucky thing, you can do mini-options too. Because there is always a ton of premium packed in, I recommend you fish for lower entry prices on the single sided option entries.

If you want to do full contracts and do not want to risk all that capital, then I would sell some OTM premium and/or spreads if you do not want to lay out a ton of capital on long call or put positions.

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6/9/13 - GOOG is looking ready to bust a move back to $900 and beyond. I was hoping to get those Jun 990 calls for $.05, but it is looking like I will not if Friday's big move finds more action this week. They did get down to $0.15 and I picked up a few and if GOOG happens to pull back sometime this week, I will add some more at $0.15 or lower. With only 12 days to expiration, time decay will help me get a better price if GOOG is not moving up in a big way. I am hoping we get a nice dip in the morning so my WW calls will get picked up before GOOG makes a move to head back to $900. My plan is if I do get filled, I will just hold onto them and see if this stock can move $50 over the trading week. I am going to raise my entry prices a little bit to make sure I get some contracts filled. Even though we have a nice Dragonfly Doji pattern, it would have been better if it was below the last two red bars and that SGB. I am long term bullish on GOOG and will be adding more bullish positions when GOOG gets over the current SGB on the daily. This stock is very difficult to short right now with all this bullish momentum so I would be a buyer on dips.

If you want some speculation protection then pick up some weekly puts at T3.

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6/5/13 - No WW fills yet. I bought some more June 13 $990 calls and still have a standing order in for 100 contracts at $0.05 cents. The daily chart put in a SGB so I am looking for GOOG to make a morning dip and snap back!

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6/4/13 - Bummer, GOOG did not move high enough to make my first WW trade a profit today. I will keep on fishing for more. If you want to stay conservative, then only lay your nets at T1 Entry until you make some profits. Then you can expand your order to T2 Entry points.

No fills today in the first 5 minutes so I cancelled all open orders. Remember, we are ONLY looking for a fill at the opening. If you keep them on all day, and the stock drifts lower or higher, then you can get filled and turn this strategy into a loser—we only want the gap and snap back.

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6/3/13 - I finally have a WW on the hook! I was picked up on the $885 T2 entry and filled at $1.80 and since I did not get my profit target hit in the morning session, I will manage my profit target tomorrow if GOOG shows strength since it closed just above T2 on the weekly and daily chart.

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6/2/13 - A bit of a roller coaster for the final day of May. GOOG managed a slight positive close while a lot of stocks and indexes plummeted in the final half hour of trading. This give us a good indication that GOOG has more upside possibilities. I have yet to be filled on my WW fishing but I will catch one soon and the long it takes the BIGGER the catch!

GOOG is currently in a nice Bear 180 on the Weekly chart touching right on T2 on both the daily and weekly chart. If GOOG finds buyers this week, it must get back over that SGB and take out $888 otherwise, look for T3 to be the next stop on the road down.

I am still fishing for those Jun 990 calls at $0.10 cents or less.

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5/30/13 - NO fills yet on the WW Trades, but GOOG is looking ready to make a gap and crap or drop and pop tomorrow!! The Jun $90 Calls are getting closer and maybe tomorrow I can get my fill for 100 contracts at $0.10 cents or less!

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5/29/13 - NO fills yet on the WW Trades although GOOG had a nice drop today, it did not have the gap up we require to get the cheap options. I will continue to fish because I will catch eventually and when I do, it will be a big one! We are getting close to my target entry on the June13 $990 calls at $0.05 cents or less.

White Whale Fishing Orders for 5/30/13

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5/28/13 - NO fills on the WW fishing trades. I will set up for the next round tomorrow.

We are currently in a Bear 180 play on the weekly chart, so I am looking for GOOG to pull back to T2 before any significant rally back to $900.

I will be watching to see how GOOG trades off this SGB over the next couple of days. If the weekly chart holds, then GOOG has a higher probability of continuing down until a news event changes that bias.

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5/27/13 - GOOG had a nice pull back all week giving my put options a big FAT profit by Friday. The stock has just about touched down on my T2 Bear 180 and now we have a Bull 180 setup beginning if GOOG finds support at the 21ma this week on the daily chart. I would give the Bull 180 a Level 1 and you MUST have a strict stop in place if you are buying shares. If you are shooting for options, I would buy two weeks of time and only invest capital you are 100% prepared to lose and then hang on if it goes against us in the beginning.

On the weekly chart below, we have GOOG looking to fall to T2 at $886.02 and maybe even make it to T3 if the markets take a much anticipated break next week.

I am still fishing for my June 990 Calls at .05 cents or less in anticipation GOOG will make a potential split announcement soon and the stock launches to $1,000.00. I know it's a high hope play, but I will gladly lay a $500 bet for a chance at $100k.

I will be picking up a few more at current prices to lower my cost basis in my current ones, but I definitely want to buy 100 for $0.05 or less.

Bear 180 on the Daily chart has GOOG pegged just under the 21ma at T2. If that holds, I expect GOOG to make a power move back up to all time highs.

Bear 180 Weekly chart has us in striking distance of T2 should the selling continue this week.

The current Bull 180 Setup is not solid yet until there is a Green Bar, so the T levels are estimate and will be updated once I know where the bottom is. I would give this a Level 1 buy opportunity (see Bull/Bear 180 training)

Profits Up!

The donFranko

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5/23/13 - Not much action today and no fills on my fishing orders. I will adjust them for tomorrow. If we get the sell off I am anticipating tomorrow, then I hope I get filled on my Jun 990 calls at .05 cents or better.

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5/22/13 - Markets make an about face and GOOG gets taken down. I am looking to take some profits on my short positions at T2. I added a couple more Jun 990 calls and I still have my White Whale Fishing order working.

I will pick up some more weekly calls 1 strike higher when GOOG get to T2

Profits Up!

The donFranko

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5/21/13 - Three days of trading DOJI patterns give us an interesting pause. GOOG is about to make another move and I am hoping it dips first so I can get filled on my Jun 990's and then they announce a split in June...that would be ideal! If the stock does pull back, then my Bear 180 calculator gives us the profit targets. Today we got the first signs of a red bar but this is NOT a strong entry signal—I am giving this a Level 1.

You have to place a hard stop on shares at $921; which makes it hard to trade options since GOOG moves around this much in a day.

Because there is a split rumor floating about, I will definitely keep OTM calls gong on this one.

Profits Up!

The donFranko

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5/16/13 - GOOG started trading up this morning and then the profit taking began. The stock pulled back $20 in the first 30 minutes of trading giving me my entry on the Butterfly and my initial LOTTO June $990 Calls. I am still fishing for the WWT 100 contracts of the 990's with a standing order at .05 cents or better. I cancelled the May 13 950 Calls and Butterfly. I still have the 900 calls pending a fill at $1.00 or better.

The June 13 options are priced all the way up to $1,200 a share and there are buyers on several strikes over $1,000.

I am looking at getting in at $990 because I want the best chance of being ITM so I can get out of them if GOOG does announce a split or some other massive news that moves the stock another $100 bucks over the next 4 weeks.

Keep selling premium and buying June Calls on GOOG. You can also buy MINI options closer to the money on GOOG too.

If you want to go week-to-week, then you need to stay inside GOOG weekly ATR which is about $33 bucks.

Put in fishing orders 55% or 89% BELOW the previous days ASK - Adjust pricing based on the overall stocks movements but DO NOT CHASE. If need be, divide up your contract loads so you can average out your investments.

Ok, so now we have to consider the puts too. If GOOG does not announce a split, and since all the relevant news is now out until the next quarter, there really isn't much to move the stock higher except a split, so profit taking will start, especially if the markets take a much anticipated pause next week. As you know, stocks will drop father and faster than they go up, so you need to have PUTS as well.

May Wk4 PUTS

Jun 13 PUTS

Profits Up!

The donFranko

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5/15/13 - OMG, I was just not a believer GOOG was going that much higher and did I miss a HUGE opportunity here. I just had too many trades going on and with GOOG's super high price, I was not willing to put any more of my capital into it. But DANG! you could have just fished with deep OTM calls and made a freaking bundle.

Ok, so now what should we do? I know from all my years of trading that when stock gets above $90 it's a sure bet it will get to $100. Well, that line of thinking is definitely on the minds of EVERYONE and you have got to believe that GOOG WILL HIT $1,000 whether it does it or not.

The next thing on the minds of investors is will they split the stock? If they announced it tomorrow or Friday, that could easily launch GOOG to $1,000 or higher in a very short period of time, so you better pick up some deep OTM June calls and hope we get a dip tomorrow to get in at a nice discount.

Then again, this could be the blow off top like we had with AAPL and it just drops for several weeks like AAPL but since there was NO love for AAPL today, I think all the money piled into GOOG for the next stellar rise. I have seen this before with QCOM, EBAY, YHOO and these companies surprised with a split announcement. GOOG loves to report earnings on Thursdays before options expiration so who knows what might happen tomorrow!

All I know is that some day, GOOG is either going to be a famous Big Fish story or the next Berkshire Hathaway.

Because this stock has so much volatility, you can easily fish for cheaper prices on the calls, so put your order in at 55% below and TWO strikes IN THE MONEY. If you get filled then HOLD ON for the ride back up.

ONLY invest money you are 100% prepared to lose and go for the LOTTO TICKET PAYOFF

I am fishing for a White Whale Mega Lotto trade on the June13 $990 Calls tomorrow.

Look at how much the OTM options exploded today:

When these options hit a lot of $0.02 Cents, GOOG was at $800 bucks and had been selling off for two days.

Now I am looking for these Jun 990 calls to fall back to $.05 cents and I will JUMP ON 100!

Profits Up!

The donFranko

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5/1/13 - GOOG is in a very strong bullish move, so if the markets turn and burn, investors will run to strong stocks and GOOG could be one that does not get wiped out. Sure it will still lose ground, but any dips greater than 8% should be bought. If GOOG makes a move back over $830 then I am a long player in the stock. GOOG Is in a Level 1 Bear 180 so if you want to play it, I would just buy a mini monthly put and see what it does.

Profits Up!

The donFranko

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4/30/13 - Goog did not pull back enough today to fill my orders so I will try again on Thursday after I see how the stock reacts to the first day of May. The gap has been filled and GOOG pulled back EXACTLY on my gap line. If May turns out to be a continuation rally, then GOOG should move on up to $850 so get ready!

Profits Up!

The donFranko

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4/29/13 - Ka-boom! GOOG exploded today taking me out at T1 on my Bear 180 and it's off to the races for the all time highs...or so it seems after today's action. The weekly chart  shows the long wick DOJI is resolving to the upside. Any pull backs tomorrow will most likely be bought, but it's not going to be without a lot of intrepidation with May on the horizon. If you want to buy options, you MUST fish for cheaper prices on the regular strikes. The implied volatility is astronomical so if you want to get in on the action, then buy a couple of Mini optons and fish for a much lower entry on the regular weekly options.

The rest of this week will be confirmation if GOOG can take out the gap and then the all time highs. Any failure of this will most likely bring this stock back to the 89MA on the daily chart.

I am going fishing tomorrow:

Profits Up!

The donFranko

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4/26/13 - Bear 180 on the move down and T1 has now been taken out which is the new Stop.

Profits Up!

The donFranko

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4/25/13 - GOOG managed to show some bullish intentions the past couple of days rising into pretty strong resistance, but failed to continue past the SGB on the daily chart back on 3/20/13. This is now a Level 1 Bear 180 so if you want to get short just put your stop at $817.00

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4/23/13 - Trying to show power and move higher only to be sold back down taking half of its gains today. Still, a nice +7.79 for the day is nothing to complain about.

The selling was more related to a fake twitter news release that the White House was bombed and the President was injured, but once that was cleared as a hoax, the market quickly rebounded and still closed on higher ground—can you say high frequency MANIPULATION?

If you were trying to day trade GOOG with options, then you certainly had you muster tested when you were up over 100% and had all your profits wiped out if you were setting stops. Look at the options chart below and you can see how implied volatility can WIPE YOU OUT in a New York Minute!

When a program trading dip hits, options will initially get crushed. Notice the three large candles in three minutes? Those are formed by stop market orders getting hit. Now look closer and you will see that once the selling stopped, the price literally jumped back up nearly 50% in two  minutes? How is that possible?

There certainly could not have been bunch of standing orders waiting to buy at $11, $12 and $13; after all, hundreds of contracts were just stopped out. The only way this is possible is pure MANIPULATION by computer pricing models; because once everything was adjusted, the buying and selling resumed in tight spreads gaping up and down.

That is why you need to take profits often and NEVER use stop market orders on options if you are day trading them. I only buy with money I am fully prepared to lose and once I have profits, then I will use a trailing stop LIMIT order. I have learned through expensive experience shown above how program trading dips can steal your money. And let me assure you, it's rare you lose your profits, most of the time you lose all of your profits and most of your capital only to see it bounce back and often head even higher.

For tomorrow and the rest of the week, the markets may be on the mend as investors no doubt were shook up over this and will definitely be leery to jump back in for a couple of days. With GOOG still closing above $800 I have not bought those mini puts. I am looking to sell a Bear Call Spread if today's high is not taken out in the next couple of days.

Profits Up!

The donFranko

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4/22/13 - No follow through today on Friday's big move. GOOG was initially selling off in the first 5 minutes of trading but investors jumped in and lifted the stock back to the Friday's intraday highs before settling at $800 for the day. If GOOG does not get a move on over this, I will buy some May13 mini 800 puts to test the waters before I do any other trades.

Profits Up!

The donFranko

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4/20/13 - What started to be a lackluster day in GOOG turned into a massive winner if you bought the OTM options in the early hours of trading. My Butterfly closed at the maximum profit potential when GOOG rallied in the afternoon session closing just slightly under $800 per share!

What I was bummed about is the missed opportunity to make a small fortune by fishing on the 790 calls. Look at the charts below and you can see what happened for those who were fishing around in the morning session.

These trades are hard to predict, but if you fish for them, you will catch one and make a very nice profit when the stock rallies or drops.

The trick is to know what strike prices to buy. That is where I come in...I will be looking for them and posting the trades for you to follow along. It does not take a large amount of capital as you can see to make a big profit. Once you do build profits, you can scale up your contracts size and maximize until one day when you can afford to buy 100 contracts or more!

These trades happen quite often, so it can get expensive to fish for a lot of them until you catch a few, so the best way to finance them is selling premium, buying spreads and making small precise day trades to build your fishing nets!

My future strategy is to place order the night before at .15 cent, .10 and .05 with staggered contract sizes totaling up to 100 contracts.

You need to place orders on Calls and Puts because stocks tend to make counter moves to what the chart show should be an obvious move. Also, it's hard to catch them in the opening minutes because prices jump around too much so if you are in line the night before, you are more likely to be filled. I have had difficulty getting good fills the day of trading.

DO NOT PLACE MARKET ORDERS if you are buying more than 10 contracts because the market makers can and will manipulate the price giving you bad and expensive fills. Sure its not an issue if the trades work out, but until you do catch a few, the costs can get pretty high.

All I know is from past experience and missing these over and over again, I will NOT any more if I can help it! The best side is PUTS because stocks will fall farther and faster than they go up so when you do your orders, overweight the puts.

Profits Up!

The donFranko

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4/18/13 - GOOG beats earnings estimates but net revenue came slightly under killing any after hours rally. The stock did make a nice move to a high of 796.75. No big move up or down means no profits on my trades tomorrow :-(. It is getting increasingly harder to make money on GOOG over earnings. This stock is just too expensive to play effectively, so I am going to start looking to do more spread trading in the future.

I am placing a Butterfly spread on GOOG today at the close.

Profits Up!

The donFranko

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4/17/13 - Pre earnings jitters drove GOOG back down today. I suspect that SGB is the sign of more selling, and if they do not blow out numbers tomorrow, there could be a nice drop—I hope its a 10% move either way.

The options are priced to the moon with premium, but the drop today took a lot out of the calls. There was a lot of call volume across several strikes today and 1,471 contracts traded on the 780 puts. Even with a $10 drop the calls only lost around 25% of their inflated pricing, so if you have the stomach for it, get ready to jump on tomorrow. If not, then you can do the mini's and hope the stock moves enough—the best bet would be a couple of spreads.

I plan on picking up some lotto puts and calls 8% OTM in the hopes of a 10% drop.

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4/16/13 - Finally some upside pre-earnings action. The option prices are ridiculous, so I am happy to be able to get in with the mini contracts. I will be looking for my positions on Wed and trade them on Thursday.

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4/15/13 -  Another failed attempt to move higher, but this one was most likely aided by the gold market meltdown and the overall bearish sentiment. I closed out of my B180 play when GOOG failed to hold $790. I will wait until Thursday to get my earnings lotto play started.

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4/13/13 - The race to earnings starts tomorrow and Friday is the big day for GOOG. There better not be any "fat finger" early release this time around! I will be in my plays on Thursday morning for Friday's expiration bonanza. If the SGB on Thursday plays out, GOOG is in for a big drop. The challenge is will it be controlled like it has been in the past couple of quarters? I have been discouraged to buy DOTM contracts because of the controlled moved in GOOG. The nice thing this time around is you can trade weekly mini options and afford to buy closer to the money!

Friday was heading lower and things shored up but we now have a double hammer doji pattern indicating a strong possibility for lower prices. We won't know for sure until earnings are released so its anybody's guess for now and my guess is a beat and rally...so get short...lol.

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4/11/13 - Goog put in a solid green bar today and based on the last two times, the stock sold off, so if we get a market correction starting tomorrow, get ready to jump on OTM puts because GOOG will fall for a a few days of trading and the first stop is back down at $760; however, if the stock takes off, then make this solid green bar your stop.

I am still looking for my B180 target of $793.00 to be hit, but my hard stop is in place if things turn ugly. Earnings are one week away and you know GOOG will get volatile heading into them, so I will be looking for my positions next Wed or Thursday morning.

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4/10/13 - Off to the races today. Nice move up with the markets putting in continued all time highs. I am getting tired of saying that...it's every day—can you say total MANIPULATION?

Today's move was supported with strong volume indicating a continuation into tomorrow but as you know, anything can happen. The gap from last week was almost taken out and if it is not tomorrow then GOOG is definitely vulnerable to reversing direction. I am sticking with my long stock and moved my stop up to $785.00.

With the Bull180 in full swing, I am looking for target 2 to be reached tomorrow.

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4/9/13 -  GOOG started the day off well, but pulled back in the afternoon session. My weekly mini contracts were profit stopped out so I am looking for my next entry. My long stock Bull 180 has been started with a stop at $773.00.

Here was the action today on the 15 minute chart. As you can see, the day started off really well, but sellers stepped in early and then again on the rebound in afternoon trading. The positive is the last 15 minutes produced a nice long wick and the volume was very heavy. If GOOG takes out today's green bar I will pick up some mini-puts .

I am not liking the daily chart and since GOOG sold off strongly in the last hour of trading. If this turns out to be a reversal then I am looking for the stock to move down to the 89MA ahead of the earnings release next week.

The interesting thing about today's closing price of $777.65. Typically 777 here in Vegas means a big pay day on a slot machine, so this could be "code" for a big move that is about to happen.

The charts say that move is going to be down, but with markets continuing to take out and make new all time highs, we could be in for a big time move higher. Earnings are set for 4/18/13 which is next week; the day before April expiration, so get ready for a lotto trade with a straddle.

The past two earnings reports have moved GOOG less than 10% which makes it difficult to make a home run play, but this quarter could be a bigger move.

Last year at this time, GOOG topped out at another interesting number for the Jan 2012 quarter at just above ($666) and gapped down $57.00. By the next earnings report for the APR 2012 quarter, GOOG topped out in the same price range but only gapped down $27.00. The October 2012 quarter had the potential to be a massive winner, but earnings were released during the trading day by accident (yeah...right) and the stock was saved from a total meltdown. The stock did moved down $87.00 in two days; however, I was not in all my position yet as I typically wait until the end of the day...not anymore.

GOOG has the potential to make massive moves off earnings, so maybe this $777 close today will be an indication of the jackpot move I hope it can be. It's hard to gauge for now because earnings are still a week off. I would have preferred a close on this number a day or two before earnings but I will still take this into consideration.

Options are always expensive with GOOG and the past couple of lotto trades have not produced winners, so I am hoping for a good trade this time around—the nice caveat is now you can get in on the action with mini-options and risk less capital.

Below are the charts for the past years worth of earnings releases which will give us some valuable insight as to what trades I plan on taking next week.

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4/6/13 - Selling off makes for good opportunities to make a lot of money when a stock such as GOOG rebounds. I am probably early in this trade so that is why I am only doing a couple of mini-option contracts to just test the waters. So far GOOG is in a very strong down trend on both the daily and weekly charts. They both look very bearish but what I am looking at is the nice Bull 180 setup on both charts. Once I see a green bar set up I will get long stock and standard option contracts.

Profits Up!

The donFranko