sorry, but i am late in writing this as i have been busy with trades for chiu index portfolios and parenting duties for my aspiring writer/actor/musician.
goog is at 594.05 now after a close of 540.93 thursday before great earnings which beat by 27% in eps
say you were not positioned before earnings, how do we trade now.
options priced in a 4.44% premium at thursday's close, so the top end traders paid for was 564.93, which the market took out within minutes after the news.
as such, options expectation cannot be used for trades this morning
pivots have a r3 of only 557.377 for daily
for weekly it's 574.03 for weekly
and monthly at 673.75 with r2 at 589.40
ok
589.4 is a good buy point and that was where price congestion was last night.
happy trading and remember this
never chase!
paul
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