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Started By
Message
Follow me on a trade, or don't, GOOGL
Posted on 8/25/22 at 10:55 pm
Posted on 8/25/22 at 10:55 pm
GOOGL has just broke above its 8 and 21 EMA today and has over 15k OI in 122.5 sept calls. These were bought for over 5.5 million on 8/18. It's been trading in a range since May and is setting up for a move. Weekly MACD cross is + and RSI trending up. The calls in OI are down 70+%. I am already in this trade and down, but with the move today will be adding to my position tomorrow. If this goes the wrong way I will cut quick, likely a close under 116. I am looking at the volume gap to 129.
Would love feed back
Would love feed back
12
Posted on 8/26/22 at 4:40 am to thatguy777
Now explain it to me as if I just got a payday loan check.
Posted on 8/26/22 at 5:33 am to thatguy777
Have a feeling the markets go south today with the Fed speech early today. I already own Google but sure would be nice to see a move up because the trading range has been the same for months as you mentioned. My options days are over though lost to much money playing them 
Posted on 8/26/22 at 6:12 am to thatguy777
All I know is over the past 6 months, the two largest share holders, Vanguard and Blackrock, have both been selling off and not buying.
Posted on 8/26/22 at 6:17 am to thatguy777
Technical analysis without fundamental and other economic/policy considerations is not a good strategy.
If all it took was technical analysis to succeed, I would just let a computer trade for me while I’m on the beach.
If all it took was technical analysis to succeed, I would just let a computer trade for me while I’m on the beach.
Posted on 8/26/22 at 6:34 am to thatguy777
I like it because it is not about penny stocks, crypto, or a thread about weekly stock trades where the winner has a 3% gain. I will follow with interest. Have an upvote.
Posted on 8/26/22 at 7:01 am to Realityintheface
That’s why I don’t just use technicals. Price, option flow, technical, and fundamental. You see anything wrong with the fundamentals in google?
The macro isn’t the best right now so admittedly could be a short trade
Markets been weak leading up to Jackson hole, except for yesterday, so I think we could see some strength the next few days. Just a trade here, willing to cut it if I’m wrong. GOOGL could stay in range for another few months
The macro isn’t the best right now so admittedly could be a short trade
Markets been weak leading up to Jackson hole, except for yesterday, so I think we could see some strength the next few days. Just a trade here, willing to cut it if I’m wrong. GOOGL could stay in range for another few months
Posted on 8/26/22 at 7:19 am to thatguy777
I don’t have an opinion on Google per se.
What is your trade specifically?
What is your trade specifically?
Posted on 8/26/22 at 7:50 am to thatguy777
quote:
GOOGL
Just FYI, be careful. It knows you’re talking about it in here.
Posted on 8/26/22 at 8:13 am to Realityintheface
thought that was obvious in my initial post. One can do whatever they want as simple as get long the stock.
I am just simply giving an example of what I think is a decent set up.
buy puts or short the stock if you don't agree.
I am just simply giving an example of what I think is a decent set up.
buy puts or short the stock if you don't agree.
Posted on 8/26/22 at 8:38 am to thatguy777
Just bought GOOG @ $115.68.
This was on my radar before you made the post, but your beautiful TA which I didn’t understand at all really sold me in it.
This was on my radar before you made the post, but your beautiful TA which I didn’t understand at all really sold me in it.
Posted on 8/26/22 at 8:39 am to thatguy777
Anybody that has exposure to europe is a hard pass for me. This winter is going to be brutal.
Posted on 8/26/22 at 8:45 am to Realityintheface
quote:
Technical analysis without fundamental and other economic/policy considerations is not a good strategy. If all it took was technical analysis to succeed, I would just let a computer trade for me while I’m on the beach.
Such a broad statement is comical. Plenty of people make a whole lot of money trading off of technicals alone. I could say the same that if you do not look at technicals then you should just put your money in a mutual fund (it would be an equally bad statement to the one you typed). You either do not understand technicals or you do not understand trading. In that case, you would indeed be better off in a mutual fund. I do not know why anyone would make a trade without relying on technicals. Maybe a long term investment, but if I am not looking at technicals for a trade then I am making a mistake.
This post was edited on 8/26/22 at 8:56 am
Posted on 8/26/22 at 8:47 am to j1897
I won’t be holding this trade til winter 1 day to a few weeks at most
Posted on 8/26/22 at 8:47 am to thatguy777
quote:
I won’t be holding this trade til winter 1 day to a few weeks at most
Which is precisely the type of play you would look at technicals for.
Posted on 8/26/22 at 8:59 am to thatguy777
No, it’s not obvious and you still don’t answer my question. I’ve been trading options for over 30 years and unless I know specifically what your trade is, I can’t ask further questions and give an opinion. Not gonna drag it out of you. I’m out.
Posted on 8/26/22 at 9:03 am to go ta hell ole miss
Your reading comprehension sucks. I didn’t say technical analysis has no value.
I do look at technicals but it looks like that’s all he was looking at in his OP.
I do look at technicals but it looks like that’s all he was looking at in his OP.
Posted on 8/26/22 at 9:04 am to Realityintheface
frick this. The markets open. Good fricking luck.
Posted on 8/26/22 at 9:14 am to Jon Ham
52 week high is over $150.00. Seems to be a good value at the moment.
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