This is the put sale of it's kind (for me) on GOOGL. I love this company and stock. I want to own some shares. Could sell mini options or regular options down here. I don't mind owning shares of GOOGL down here, but I also wouldn't be afraid of selling a few more additional contracts ; ) Strong support
I think GOOGL right now is in a long term distribution phase. Worse case scenario this "double top" looking thing does what GOOGL did in 2014-2015
"This is the first long-term put sale" is what you said in the recording :-)
Reallifetrading
⋅
Gonna rock it!
Reallifetrading
⋅
FYI - bought back for 50% of prem - aka 4.10 just now
Reallifetrading
⋅
An update on this long term put sale, my plan was if I can buy it back for 50% of prem months before expiration, I would. Right now sold for 8.40, got an order {which is the mid price} for 4.20. It's a day order. I'll let you know if it fills.