This week is a big week for trading. Options expire this coming Saturday with the last day to trade on Friday. INTC and GOOG both release earnings this week and will set the stage for the coming earnings season. I put a toe in the water and sold some GOOG 460 puts and will likely add to that position roll to $470, $480, or buy some calls as the Thursday release date gets closer. GOOG's semi resolution with China saw a continued bounce in its stock price back to it's 20 day moving average on decent volume. This chart looked horrible a couple of days ago and was terribly oversold, primarily, I think, on the uncertainty with respect to it's license in China, and now looks much better. I think they will report a good quarter and there is room to the upside near term perhaps to the $500 -$510 neck of the woods.
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