Buying Swing: MONTHLY STRATEGY bought long leg of Aug 880

[MMASSASSIN]

Buying Swing: MONTHLY STRATEGY bought long leg of Aug 880 pDS at 4.62 area and keep the position exposed over the weekend, or at least overnight. We have 2 weeks till they expire. With this market rally had a big bounce. There earnings picture can no longer warrant current evaluations so our strategy is to use every big bounce on as a bearish opportunity. GOOG had another disappointing quarter where we see that in the future advertising is going more and more into apps where it is less lucrative for them. Smaller margins. And with google already grown as much as it has it now will become impossible for them to ever reach current valuations. I believe that by end of next year the stock should fall to 400. Yes I believe the stock will be cut in half. With that in mind we use these runs as bearish ops and bearish hedges agains other bullish bets.

This trade is one part of a larger strategy so please look back at Previous posts to see the whole picture. AND IF YOU ARE NEW, PAPER TRADE FOR AT LEAST A FEW MONTHS because this is ADVANCED OPTIONS TRADING !!