I bought the Apr 26 805 calls @ 2.35 and had plan on holding until Monday but they went over 7.00 and sold at 6.30. Remember these calls were over seven prior to earnings announcement and GOOG had to go up 34 points before it got back to 7.00 after earnings. It is a tough game and it takes a lot guts or stupidity to play.
Some days you eat the bear and other days the bear eats you. Yesterday some of us ate the bear and others gotten eaten.
Jusy my observation.
Those options were very expensive before earnings. I learned my lesson with OTMs, have decimated my account trading them. Sticking to ATMs from now on, that's if I have guts or get stupid once again. I'll watch action on NFLX and AAPL next week, just watching
I don't think moves like that are predictable. Mid-day reversals, maybe impossible unless you see crazy #$%$ volume. In this case what happened ? Maybe some hedge funds did the math and decided 785 was the best pin, then at 2:00 someone big decided 800 was an even better pin.