GOOGL looks like it could be forming H&S. No confirmation yet, but a weak market could make this pattern a reality. Target 800-1,000.
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I went and bought a diagonal put spread. Bot the Apr26 1050p / Sold the Apr 18 1000p. Cost $9.50.
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Still like this setup...
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The original combo is currently around $13. I also bought the +Apr26 1175p/-Mar29 1170p bought at 15.75, which is up $7 currently. Need one more day of weakness...
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I took a loss on my combo... but the H&S shouldn't be discounted, imo
The original combo is currently around $13. I also bought the +Apr26 1175p/-Mar29 1170p bought at 15.75, which is up $7 currently. Need one more day of weakness...