simplenothing

GOOGL - Head & Shoulders

Short
NASDAQ:GOOGL   Alphabet Inc (Google) Class A
GOOGL looks like it could be forming H&S. No confirmation yet, but a weak market could make this pattern a reality. Target 800-1,000.
Comment:
I went and bought a diagonal put spread. Bot the Apr26 1050p / Sold the Apr 18 1000p. Cost $9.50.
Comment:
Still like this setup...

Comment:
The original combo is currently around $13. I also bought the +Apr26 1175p/-Mar29 1170p bought at 15.75, which is up $7 currently. Need one more day of weakness...
Comment:
I took a loss on my combo... but the H&S shouldn't be discounted, imo

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