Tuesday, April 9, 2013

The GOOG Position

Remember the GOOG calls I added to yesterday, they're at a 75% gain today, so obviously I need to look at that position. For an options trade I usually am not trying to get greedy, I just have a feeling GOOG has more to go and the charts are some of the only ones I've seen today that look good.

This is not at all like my character, especially for weekly calls, but I'm going to hold and here's why.

 This is the only profit taking I can find, a tiny bit on the 1 min chart.

 2 min

 3 min

 3 min intraday

 5 min

 The 15 min is what the trade is really about, at least until we get higher, then it's about a short sale.

Now even the 60 min has gone positive.

Nuff Said

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