Tuesday, April 2, 2013

GOOG Call Fill

Here's the fill as well as the reasoning behind it...




 Closed half of this position, paid $9.00 and filled at $13.21 for a 46.7% gain.

 The intraday 3 min chart has a negative divergence, this is intraday, but it also looks a little thin in price action after a nice move and in an area of some overhead resistance.

 The 1 min chart still looks good, but because of that 3 min, I feel a divergence in the 1 min will be worse than normal so while there's good momentum it looks like a decent area to take some off the table.

I chose to leave half on the table, although the expiration this Friday makes me a bit nervous, because this 15 min 3C chart is still leading positive.

I have a full GOOG update coming next as we have other positions open here.

No comments: