General Options Blog

Google Thursday

How can you recap the market today without mentioning GOOGLE?  The stock spent almost all of 2015 mired in a tight range, clinging to $550 like a baby clings to its mother.  And then this week Mom let it go and its up over $670 after the bell.  A huge earnings move.

The chart was setting up and today it broke in a big way.

Here we are one week removed from #Greebola and the Nasdaq is up at record highs.  Greece and China, according to the financial media and every bearish columnist writing on this side of the Gamma Quadrant, was supposed to send stocks lower.  Instead its done what every other sell off the last 6 years has done.. created a tremendous buy the dip opportunity.

Some of today's live audio from the chat room

Unusual Option Scans / Stock Scans

The $SPY is up to a key juncture:

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