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Home › Forums › Swing Trades › Bull Put Spreads in GOOGL
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
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
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.
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.