Options Oracle: 11/05/15

GOOG has seen a nice rally over the past 2 weeks but the inverted hammer candle tells me the stock may be ready to pull back and fill the gap. We are selling an out-ofthe- money credit call spread for $1.60 in order to stay out of the way should the stock decide to move a little bit higher from here. It’s important for you to keep an eye on this one because if the stock starts to close above our short strike price (770) we may have to adjust the spread by moving out to the December option chain.

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