prvtrader 11:51 am on Thursday, March 10, 2016

GOOGL Credit Spread

STO Apr 1st GOOGL 700/682.5 BuPS for $2.54 Crd.

Bobbie 11:59 am on Thursday, March 10, 2016

Prvtrader – I followed you in this trade. Do you close at 50% profit?
- prvtrader 12:07 pm on Thursday, March 10, 2016
  
  It depends how is it moving….There is a squeeze on the daily chart, but GOOGL is bouncing from its 50 SMA and if it can’t break above it may keep on trading around this level; on that scenario I’ll get out at 50% or less…
  If it breaks above the 50, I’ll probably add some calls and wait a while.
  I’ll get out if GOOGL comes down to the 700 level.

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