GOOG Stock Risky!
We had a really nice trade on Monday on TRGP puts, which scored an intraday +100% profit!
| TRGP Options Sell to close 5.00 (4.81%) of TRGP Dec 20 2014 Put 115.0 at 12.00000 | 100.00% ($3,000.00) Profit |
| TWC Options Sell to close 10.00 (2.05%) of TWC Dec 20 2014 Call 150.0 at 2.50000 | -24.24% ($-800.00) Loss |
| TRGP Options Sell to close 5.00 (4.54%) of TRGP Dec 20 2014 Put 115.0 at 10.90000 | 81.67% ($2,450.00) Profit |
My Happy Trades Portfolio moved higher once again and is now up +24% in just 2 months!
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While the market pushed higher on Friday, GOOG slumped $12. or -2.24%! Looking at the chart, GOOG is very risky right now:
GOOG
GOOG has seen some wild moves since mid-Sept, hitting above $595 and below $510. It has been consolidating for the month of November. The wedge that it had formed in the past couple of months was broken on Friday! It is showing a "breakdown"! It is at risk to retest the recent support of $510.
We will be watching GOOG puts next week!
Good night and HappyTrading! ™
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{[comment.author.username]} {[comment.author.username]} — Marketfy Staff — Maven — Member
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