OptionTradingIQ
New Contributor
Is anyone considering buying GOOG? The stock is down around 7% today after a bad earning report. The next level of decent support looks to be around $500. So, do you wait for it to fall a bit further, build a base and then get in?
One strategy I am considering is using today's volatility to sell a put credit spread well below the market with a view that it should find support around $500.
Thoughts?
One strategy I am considering is using today's volatility to sell a put credit spread well below the market with a view that it should find support around $500.
Thoughts?
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