Thread dedicated to GOOG

brownsfan019 · #1 (**permalink**) 10-18-2007, 03:50 PM

As much as GOOG is in the news, thought we could discuss it in the swing trading forum. If we are looking for stock/option plays that move, this thing could be one for the watchlist. Google's earnings are after the close, so we'll see what this puppy does.

Anyone playing earnings on this?

Tin - how about an option play? What about a straddle or something that is not purely one direction?

brownsfan019 · #2 (**permalink**) 10-18-2007, 03:58 PM

Here's an after the fact look at a really, really nice buying opportunity:

Too bad we weren't watching goog then.

Here's a look at the current price action:

GOOG is in a little box here, perhaps the pre-earnings is keeping this consolidated till after the close today.

Should be interesting after the close.

TinGull · #3 (**permalink**) 10-18-2007, 04:00 PM

She's goin' higher.

brownsfan019 · #4 (**permalink**) 10-18-2007, 04:02 PM

	Quote:	TinGull
	She's goin' higher.

Any reason or just a gut feel?

TinGull · #5 (**permalink**) 10-18-2007, 04:06 PM

Would be a good strangle candidate, for sure...but the close is upon us and no orders to be put in.

If I were to put in an order earlier...this is probably what I would've done:

630/650 strangle

Great looking risk profile for a turn either way...which I guess was down. Damn markets fakin a brotha out!

TinGull · #6 (**permalink**) 10-18-2007, 04:07 PM

Looking at the chart, it looked like that's where it wanted to go....but at the moment it's trading in the low 630s, well, now mid 630's, and now upper 630's...now lower 630's...HA!! Yay goog!

TinGull · #7 (**permalink**) 10-18-2007, 04:18 PM

There she goes....645 and change. Perfect!

OAC · #8 (**permalink**) 10-19-2007, 08:03 PM

Hey Tingull,
How come you don't pull up the Market Profile chart on GOOG ? It should have plenty of volume. May be another whole world of possibilities awaits.

TinGull · #9 (**permalink**) 10-19-2007, 10:44 PM

Because I don't use MP charts anymore

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