Selling this PCS (put credit spread) in GOOGL that expires this Friday.
Trade Setup:
GOOGL 1H chart.
Strong gap up after earnings.
Contrarian Buy Signal 1 bar ago.
OS Trend and OS turning up.
Bull volatility increasing.
Trade Notes:
WISH reports earnings August 12.
WISH a short squeeze candidate.
Buying the August13 13 Calls for $0.25 in an all or nothing lotto trade.
20 contracts.
4hour chart double bottom and bullish divergence.
4hour Trend Catcher buy signal.
Institutional Volume heavy at $13.25.
If it runs up, will take profits on the way up and potentially leave an...
