Trade 13 GooG

At Sonnysmoney we exclusively focus on the SPX. But sometimes opportunities arise in certain stocks that are too good to pass up.

GOOG has been taking a beating since making all time highs in march.

200 day MA is still rising and currently at $707.

sold -2 695/690 bull put spread
.34 gross credit per contract
$1000 margin being used
.08 Delta
Expiration next Friday

Full 2% below 200 Day MA. 200 day should be above $710 later this week.

Good luck to all!




One response to “Trade 13 GooG

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s