Amazon is Awesome

Wednesday, July 25, 2018

Alphabet (GOOGL) Day Trade to Profit


  • Another day when Alphabet (GOOGL) opens down big creates great opportunities to profit from buying Call Options. Yesterday Alphabet closed at 1258 and today it opened at 1249 where it bounced from yesterday. It went straight up to 1267 at 10am before pulling back some.
  • You could have bought another call option at 11am and if you had the guts to hold it until the end of the day you would be quite happy. There was too many opportunities for it to falter that this would not be a good trade. 
  • Facebook reported earnings after the market close today where it beat on earnings but was driven down because they reported active users increase to 2.33 billion instead of 2.35 billion. This drove everything down after hours and might create another buying opportunity for Alphabet tomorrow morning. Amazon broke to a new high today and reports earnings tomorrow afternoon. We might be due for more fake pin action on Friday.

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