Potential Options Play for GOOGL's Earnings

162
To take advantage of the high volatility and minimize the downside risk as much as possible, I plan on selling a 1097.5/1100 BPS over earnings for $0.40 or better.

The expected move according to ThinkOrSwim is ~$55.

Let's go GOOGL!!!
Note
Looks like we gapped right into the green box ;). I did not play the BPS idea. However the trade would have worked since we look to close above $11000.
Note
Look how beautiful that support held at $1006 :D

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.