Carlos Molina :: Swing Trading :: Trading stocks to make money in the market.

February 16th, 2010

Buying GOOG Mar $540 Call

This morning after a rested long weekend, I decided it was time to pull the trigger once again on Google. March $540 CALL @$14.40
Why? I was expecting a strong day with volume as a confirmation.
Closing at the $534 level last Friday; that gave me an idea that the $540 level could be achievable. Result = It was great seen it in the screen.
Google closed today at $541.30 for the first time since Feb 3 (the big Wednesday, remember) when everyone thought the correction stage was over, unfortunately since then the market has been all over the place, and for GOOG the same; with extreme low volume and a bunch of DOJIs all over last week…there was no direction to follow. But since last Thursday things started to improve. The market didn’t care that much about the mess from Europe, neither the fact that CHINA is tightening their credit lending…that gave us a signal…TODAY was going to be the day. At least for a couple of weeks I am expecting some pretty good sentiment for the markets. For GOOG, I think the stock can move around the $545-555 level for the next couple of weeks, higher than that…I will update you guys…Cheers to everyone !

Posted in Open&Close Positions
By Carlos Molina

February 11th, 2010

Bought GOOG option March $540

This morning, I went ahead and pull the trigger buying Google GOOG March $540 Call, at $12.50 this morning. I’ve been following the chart over the past week, and it looks like Google is stuck in a range between $522 and $542 over the past week. We’ll see if it can break above that level by Friday, and close our position.

Posted in Open&Close Positions
By Carlos Molina