Google (GOOGL) has traded poorly since we were stopped out on Monday. However, the stock broke its 200-day moving average on this morning’s weakness and has fought back above it as institutions began to buy into the name. The shares look to have put in a short-term bottom, so I want us to get ready to play the bounce. Buy to open GOOGL October $572.50 calls (exp. 10/10) at $8.40 or under. This is an aggressive trade.
*Please note this trade is for the Class A shares of Google, which has a ticker symbol of GOOGL*