GOOG Stock Risky!

We had a really nice trade on Monday on TRGP (TRGP) puts, which scored an intraday +100% profit!

TRGP Options Sell to close 5.00 (4.81%) of TRGP Dec 20 2014 Put 115.0 at 12.00000 100.00% ($3,000.00) Profit TWC (TWC) Options Sell to close 10.00 (2.05%) of TWC Dec 20 2014 Call 150.0 at 2.50000 -24.24% ($-800.00) Loss TRGP Options Sell to close 5.00 (4.54%) of TRGP Dec 20 2014 Put 115.0 at 10.90000 81.67% ($2,450.00) Profit

My Happy Trades Portfolio moved higher once again and is now up +24% in just 2 months!

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While the market pushed higher on Friday, GOOG (GOOG) slumped $12. or -2.24%!  Looking at the chart, GOOG is very risky right now:

GOOG

GOOG has seen some wild moves since mid-Sept, hitting above $595 and below $510.  It has been consolidating for the month of November.  The wedge that it had formed in the past couple of months was broken on Friday!  It is showing a “breakdown”!  It is at risk to retest the recent support of $510.

We will be watching GOOG puts next week!