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GOOG Bear Call gone awfully bad…

Awesome GOOG Bear Call

 

Okay which one is it ??

 

In the Trading Ideas service, we put this GOOG Bear Call at 820 / 830 two weeks ago when GOOG was at around 785.

It moved up steadily, and we did 2 adjustments.

 

1) We bought 2 contracts of the ITM Call at 780 about a week ago when GOOG was at 800.

 

2) Yesterday, we took off 1 contract of the 820 short call for a loss of $400. So we were left with -9 of the 820 and +10 of the 830.

 

Today GOOG blasts off to 835. But look at how the adjustments worked out, even though the Bear Call went awfully bad. The 2 contracts of the ITM 780 Call produced profits of $4200 completely overcoming the Bear call.

 

GOOG-P&L

 

We closed the position for a total profit of $1500. Amazing trade !!

 

Get Trades and adjustments like this on the Trading Ideas service…

 

 

Check below.

 

 

GOOG-chart


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