Googs Update

Googs Update

1:30pm (EST)

Google (GOOG, $390.13, up $10.63) is up 3% today and I wanted to update the two trades that I have been profiling.

The April 420 calls (GOPDD, $4.00, up $1.05) are up 35% today and have now returned 150% from entry prices of $1.45. The April 400 calls (GOPDT, $9.80, up $2.85) were trading at $4.40 yesterday afternoon and are up over 100%.

So here we are just like I had hoped we would be going into the final few hours of trading. The smart money takes the profits and walks away from the table. The “gambler” will stay and try to make even more money. Here again, the market gave us a gift, so let’s roll out of the trade NOW.

I hope Google does break $400 because it would be positive news for our other longer-term positions. But if the stock doesn’t, we have already made our profits.

Rick Rouse
Rick@OptionsMentoring.com

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