The overall market is flat today in anticipation of the Fed decision that will come out at 2pm EDT. My options aren't as flat. It hasn't been a good day so far. I wanted Google to go down today and they were down early but now Google is up about 4. Apple was down $3 and Net Flix was up 5.50. Basically what I didn't want to happen is happening. My main concern is focused on Google. I am holding on because I still believe the stock will drop a good amount by Friday from where it is now. I am expecting a "sell on the news" later this afternoon. Let's see if I am correct. My account balance was down $1,158 just a few minutes ago and now I'm down $1,027. This is a huge day for me and the decision and market reaction will be key later today.
One Trade I would recommend today is:
Buy GOOG 925 Call and Sell GOOG 920 Call for a credit of .47. I'm doing this trade because I don't think Google will continue going up the rest of the week. Its currently at 904.82 so it would just have to stay below 920 for a nice 9.7% gain.
** Update at 11:25am CDT. Google has decreased and is now only up .68. My overall account balance is still down but only down $330. Let's keep this up. I'm looking for a large positive day.
Jonny
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