Some articles, posts I am reading this morning:
This morning I bought calls in $GOOGL. I have the weekly $585 calls and the September $580 calls. I think GOOGL makes its way back up to $600 and then tests the post-earnings high of $615. We had a nice pullback and I think we are going to breakout above $580 in the coming days. There is a lot of paper in the September options, specifically the $575 calls. Today alone (at the time of this writing) there is over $1.5 million in calls bought.
SPY:
In my opinion the SPY has made a bottom. I think that the recent sell-off was purely geo-political which means that the SPY is going to go back to the 50dma. I do not see much more action for the spy. I think we will go back to the days were we only see .25% intra day ranges. I think that this is the case at least until the next big market catalyst, whether it is positive/negative geo-political news (such as Russia taking troops off the boarder or actually invading Ukraine) or comments made by the Fed remains to be seen.