April 8, 2013

Google (GOOG)

Bias: Bullish
Price Target $790
Strategy: Call Vertical

We are bullish on GOOG after its recent sell off in the past few trading sessions. We want to purchase a call vertical spread.
This will be a bigger than usual position but we will place a 50% stop as soon as we get filled.


BUY To OPEN 2 Apr-12 GOOG 780 Calls trading at $3.60
SELL To OPEN 2 Apr-12 GOOG 790 Calls trading at $1.30

GOOG is now trading at $771.37
This spread are now trading at $2.30
The Total Debit for this trade is $2.30

Day Order Only

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