EPS LL + MA Support in GOOGL Home › Forums › Swing Trades › EPS LL + MA Support in GOOGL This topic has 1 reply, 1 voice, and was last updated 7 years ago by Steven Place. Viewing 2 posts - 1 through 2 (of 2 total) Author Posts April 27, 2016 at 9:54 am #5584 Steven PlaceKeymaster THe market has been a grind higher and vol has been super low so there haven’t been a whole lot of solid credit spread setups lately. Luckily, earnings is providing some volatility to work with. Here’s GOOGL: The stock gapped down on earnings. It then bounced for a day, then made a lower low from that. That’s trade setup #1. It’s also coming into the rising 200 day moving average, the first test since its monster breakout in July of last year. That’s setup #2. It’s also heading into previous resistance at 700, which is a “pb2bo” pattern. That’s setup #3. So there’s a good amount of technical confluence that allows us good risk reward here. Here’s the trade: Sell to Open GOOGL Jun 660/655 Bull Put Spread (These are 17 Jun 16 Expiration) First Price: .70 Add Price: 1.20 Add Price: 1.70 Scale out at .30, .70, and 1.20 on each tier, respectively. Attachments:You must be logged in to view attached files. May 9, 2016 at 10:45 am #5705 Steven PlaceKeymaster Floating orders to close the Jun 660/655 put spread @0.30 Author Posts Viewing 2 posts - 1 through 2 (of 2 total) You must be logged in to reply to this topic. Log In Username: Password: Keep me signed in Log In