Face it, it sucks getting kicked in the balls. Sorry for putting it so bluntly, but its true. Trading out of the money stock options can leave you with that same feeling. A swift kick to the gonads will sober you up rather quickly. Seeing how its football season I'm out looking for cups to trade. I have been rather bullish on $GOOGL and remain so, especially from a longer term perspective.
$GOOG $GOOGL, or whatever ticker you call it, is finishing up a wonderful cup and handle pattern that will send the stock to fresh record levels. Seeing how $AAPL, $FB, $NFLX, $PCLN, and other tech names are breaking or have broken to new highs, it would be fitting that Google joins the crowd.
I am in this weeks and next weeks calls and plan on going out to November and January to trade for this impending run. In this market nothing is certain. Google could plummet back to $570 support or even $550 before embarking on its record breaking run.
When this rally happens to $625 and then $700, it will be very profitable . I plan on profiting from that move. The option market appears asleep at the wheel as prices are cheap. Perhaps I am the one asleep? A swift kick in the nuts should take care of that. I'll be sure to adorn my cup for future attacks.