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!

To subscribe, please click HERE!

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! ™

Posted to Happy Trades on Dec 06, 2014 — 10:12 PM
Comments ({[comments.length]})
Sort By:
Loading Comments
No comments. Break the ice and be the first!
Error loading comments Click here to retry
No comments found matching this filter
Want to add a comment? Take me to the new comment box!