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

February 19th, 2010

IN and OUT of GOOG Puts $530

Yesterday, I decided to play my cards with Google (GOOG)… but this time not going bullish, just playing a bearish strategy; and waiting for GOOG to turn back to the $535 level.
I bought some contracts @$9.30 for the March $530 PUT , but this morning Google didn’t show me any direction of going lower, instead it was holding the $540 level…that means Google might still go a little bit higher before going lower. I went ahead and took a hit of 13.5% for the day. Perhaps, not a very smart move. Because Google was flat for the day, and finished at $540.76
For now, I am opening a NEW POSITION buying the $540 March Call @$10.50 going into next week.
I am still bullish with Google, I just need to monitor GOOG not to break below the $535, IF IT DOES I NEED TO GET OUT from this position.

Posted in Open&Close Positions
By Carlos Molina

February 12th, 2010

Closing my GOOG Feb $530 Put Position

Yesterday into the close, I told you that I WENT AHEAD AND OPEN A NEW POSITION buying the GOOG $530 PUT FOR FEB @$3.50 around 2:30pm EST. Well Today about 10:30am I closed that position @$6.00 for a quick 66+% return. Like I said yesterday, GOOG is stuck in a range $522-540 and id doesn’t look is going to break above that level anytime soon. Over the weekend I will be studying and placing a video in regards to my GOOG view based on the chart.

Posted in Open&Close Positions
By Carlos Molina

February 11th, 2010

Closing my GOOG March $540 Call

As I expected, Google ( GOOG ) rallied today, and after opening lower, I went ahead and open my position. An hour later it bounced back all the way from $529.50 to over $540. And as it did, I went ahead and cash in on my option, selling it at $15.70 for a quick day trade gain of 25%.
Also since I’ve been following the trend in the stock, I WENT AHEAD AND OPEN A NEW POSITION buying the GOOG $530 PUT FOR FEB @$3.50. Those contracts will expire next week, Feb 19. So, I have to be quick with the trade and let GOOGLE pull back once again from the $540 level. Every time that Google has tried to go above the $540 level, the stock is being sent to the $527-529 price. Let’s see if it works for tomorrow.!

Posted in Open&Close Positions
By Carlos Molina