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Alphabet Inc. Message Board

  • biglefthook_00 biglefthook_00 May 26, 2013 9:39 AM Flag

    One month chart shows...$800 to $920...present price

    almost 15% in one month...this is why I suggested selling the Jan $900 calls for $70+ a few weeks ago

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    • Here is another May post.

      I can repost older ones but I think anyone here knows I have always said...HOld but put $70 then $120 in your pocket

    • Well that is not a real good play considering other options. Highly risky but if bought the May 24 weekly puts when GOOG hit a short term double top around 920 you could have bought these for roughly $200 and you could have unloaded for close to 2g's Friday. Your only risk was the $200 per option and you got 10X return on the play. You sell the Jan 900's and you risk the stock breaking toward 1000 and taking massive losses. As of Friday it was trading around 52 so you were up around 30% but futures are way up and GOOG will most likely sprint back toward 900 very quickly. That was actually quite a dumb move despite being up. I'll be more impressed if you can cash in at the right time. I hate to be the bearer of bad news but you'll most likely see those trading around 80 in the morning. You shulda cashed.

781.56-1.45(-0.19%)Sep 28 4:00 PMEDT