DAY 4 of $100k in 30 Days... GOOGL 10/09 Put $1455

Had to go back a little further back on this chart to find a Strong Resistance line that eventually lead to a break out run for GOOGL and most of FAANG especially Pre Apple and Tesla Stock split. You could close your eyes and pick any FAANG, Microsoft, Tesla or Really any Tech Mega-Cap and you couldn't loose. Then September hit and that Bull came to a Screeching Hult. Many blamed SoftBank's lofty Options Calls for this Massive Tech Rally, others blamed Robinhood Traders, all the while Tech Valuations were sky high & being compared to a Dot Com Bubble (I love how everything good gets compared to this, any bull run or unexplainable price run up, "Oh here's another Dot Com Bubble"). Sorry Im, invested in Crypto as well. Although I think we are in the beginning of the beginning stages with crypto, I do not trade crypto I buy and hold. I would never suggest anyone allocate 100% of their investments into 1 Asset Class. Anyway off subject there Google has been trading with in a relative range as of late and with a price to earning of under 40 I think its a Great Price to get in Long especially compared to it's peers. But after a bullish Pre-Market and some early green I haven't seen a break out above any levels that would warrant betting on the upside. So buying Put option here just outside of the money going with a 10/09 Put at $1,455 for $32.10. As much as I would like it to be the other way around I think the odds to the down side over the next day or 2 are higher then that of us seeing a Significant move up from here. This totals right around $5,800.00 of our just under $9,800 earned over the past 3 days. Keeping some money on the side line in the event a sweet deal should arise.....
I am NOT a financial advisor, and this IS NOT FINANCIAL ADVISE.
This is for entertainment purposes only.
Day 4 of 30. On our 30 Day to $100k Trip

Comment:

Sorry Guys I haven't had time to update charts, Sold out of all positions both Short on Google and Tesla at break Even went all in on AMZN Call options 10/02 call at 3165 bought 2 options 35.66 totaling $7,132.00