if PPI low and open high, put index on high if PPI high and open low, call index on low other case watch. Stocks to watch: GOOG (put mode), home builders, PHM TOL
Traded GOOG MAY 130 calls again today.
look at intra-day chart, it shows break out sign when stock approaching 229.5. In calls at 2.3.
The green spot is when I bot calls. This is the most reliable break out pattern.
and half hour before close when stock rallied to 231.3, it shows sign of exausting. So out at 3.1. At this time, stock price cross the 5-min MA again, but going downward.
The stock dropped to 231 at close. and option price drop fast as it expires this Friday.
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