- The Nasdaq hit a new all time high last week along with FANG (Facebook, Amazon, Netflix and Google). The Dow Jones was up good before falling 8 days in a row. Today everything fell as trade war fear struck the market.
- Today I traded options on Alphabet (GOOGL). It opened down, spiked up close to where it opened and took off to the downside. As I have noted before, on Monday's Alphabet trades one direction typically. Today that direction was down. You could have made money buying Put options any time during the day. The best place to buy them would have been on the quick spike up at 9:40am (see chart below). What is interesting is that it bounced off 1120 similar to last year when it traded between 920-945. I expect it to be down to start the day and go higher for the rest of the day.
- I take no responsibility for anyone else using my information as they are based on my studies and opinions. Real money is made and lost based on many factors.
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