Selling Swing: SHORTING GOOG 500 at 2.50-2.10 and 520 5.65-4
Posted: Wed Mar 24, 2010 2:57 pm
Selling Swing: SHORTING GOOG 500 at 2.50-2.10 and 520 5.65-4.82 puts april same money allocation BEARISH BOX [SELLING TO OPEN] . This is turing a bearish GOOG bet bullish with a equal money allocation short on puts as was put in long at higher price points. What this dose is give a larger amount of puts short than we have long and its used to play premium loss as on my formulas she has turned multiday positive. Larger picture remain bearish on goo but cant fight the tape and wish to make losses back trough premium loss to latter turn this position back towards a stock GOOG bearish bet.