Potential Options Play for GOOGL's Earnings

To take advantage of the high volatility and minimize the downside risk as much as possible, I plan on selling a 1097.5/1100 BPS over earnings for $0.40 or better.

The expected move according to ThinkOrSwim is ~$55.

Let's go GOOGL!!!

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Looks like we gapped right into the green box ;). I did not play the BPS idea. However the trade would have worked since we look to close above $11000.

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Look how beautiful that support held at $1006 :D