Bull Put Spreads in GOOGL

[Steven Place]

There’s a confluence of support right at 550. Previous resistance which is potential support, a rising trendline, and a rising 50 day moving average.

I think these levels will break, stop people out, and reverse higher. So I want to scale in here.

Sell to open GOOGL May 515/510 bull put spreads @0.90

ADD to the trade at 1.30

CLOSE the trade at 0.30

[Steven Place]

Stock is seeing a gap down this morning and we can get a fill at 1.30

ADD To the trade by:

Sell to open GOOGL May 515/510 bull put spreads at 1.30

CLOSE this half at 0.90

[Steven Place]

Decent pop in GOOGL, the spreads are now going for .90. Time to close out the add.

Buy to close GOOGL May 515/510 bull put spreads at 0.90

This close is only for the second half of the trade. First half is still on.

[Steven Place]

Going to close the original round here as earnings are up on deck.

Buy to close GOOGL May 515/510 bull put spreads at 0.70.

[Author]

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