Tuesday, August 14, 2012

Started GOOG Equity short/ Put

I bet you knew this post would be coming soon, I started an equity short in GOOG and a September $675 Put. From where GOOG is now and after that parabolic move, if worse came to worse, I'd think I could at least get a short term trade out of it.

 Yesterday was a reasonable move in GOOG, today is VERY parabolic and considering it's above a level in which it would be VERY easy to create a strong bull trap, it looks to be worth a shot to me.

 After the parabolic move as GOOG runs out of momentum, look at the 1 min chart in the range.

 The 2 and 3 min charts are seeing migration of the negative divergence as well as they should.

3 min.


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