what are people thinking for tomorrow? I was playing puts all last week, but am thinking of snapping up some calls for a short-term bounce to 325 or 330 by the end of the week. What positions are you all taking?
I bought calls on Thursday. Friday's candlestick hammer, bounce near two recent short-term bottoms, and oversold stochastic say this baby is going up in the short term. I'm already up 15%, looking to sell my calls Mon or Tues depending on how it plays out.
On the caution, this weekend's news was all bad and who knows how the general market will affect GOOG. This is ONLY a short term assessment based on the charts. In the long-run I have no idea what GOOG will do.