As expected, GOOGL pulled back off of this resistance area, and we can now close the trade for good profits.
Buy to close GOOGL Jan 560/565 bear call spread for 0.20.
You may have to work your bid up to .25 but that’s still a good fill.
This is NOT a trade I want to re-enter, because if GOOGL retests 535 again it will pop and run into the 550’s. If it gets there, then I will consider an iron condor trade.
