11/16/11 - Play profit stopped out at $31.90

 

 

 

 

 

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11/11/11 - Nice trading day in the markets. Goog moves higher on the positive sentiment and the option profits too!

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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The markets took a turn (expected) for the worse this week giving back a good chunk of the recent stellar gains. Will Google recover? Oh most definitely it can however, the option play has been losing ground and if it does not hold ground here tomorrow, I will close this trade out.

 

 

 

 

 

 

 

 

 

 

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GOOG doing its thang! 

 

 

 

Options putting on gains.

 

 

 

 

 

 

 

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GOOG is holding strong to the HUGE gains after earnings and our options are holding gains.

 

 

 

 

 

 

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GOOG did not disappoint today and held its gap up high from last night!

 

My puts expired today but my calls are good until Nov expiration so lets see if this stock can keep a move on!

 

My call options are currently up 80%, so I am placing a trailing stop loss in to lock in my profits and pay for my losing puts.

 

 

 

 

 

 

 

 

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GOOG earnings were a surprise and the stock had a very nice jump in price in after hours trading. If this continues into tomorrows trading the call plays will be a huge success and we have a full month for them to continue to improve in profits.

 

As you can see the price action in after hours exceeded my projected high and this bodes well for continuation. Lets hope the markets support more upside tomorrow.

 

 

 

 

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GOOG put on some gains today but the volume was light and it sold off into the close. There was one upgrade announced but I do not think that really helped much other than the gap and crap. Notice the stock stopped trading today right at the 100/200 MA's. These are not strong resistance for the stock, so it will take some pretty strong earnings and forward projections to get this stock moving on up with momentum. I am still suspect that we will have a real upside and more confident there will be a sell off even if the news is good. Either way, we need at least a 10% move to make our lotto plays profit.

 

 

 

 

10/11/11

 

This earnings report due out Thursday after the close is a little out of sequence for GOOG. Usually, they report the day before options expiration, so the options today are going to be hi-priced since there is still a week left on this trade. I recommend you go for the weekly on the puts with low contract load and long on the NOV calls.

 

The chart shows quite a bit of price recovery from a heavy channel sell off; however, the volume has been very light indicating institutional buying has been lack luster. This could bode well for a very nice drop should GOOG disappoint tomorrow.