Thursday, April 12, 2012

$GOOG setup for after earnings 4/12/2012

if google sells off on earning i will be looking to enter into credit put spreads. likely May but will look at April just in case. weekly options pricing in about at $40 move, so some levels im watching is the fat crayon support at 600 which matches the implied move. Also have eye on the 200day near 588. moves down to either of these levels will price out some credit put spreads at /below that multimonth support line near 565. pretty simple setups if it sells off.

follow me on twitter @mark_lexus for more free setup, charts, and my trades