Reduced the cost of buying call by selling vertical spread with it. I really believe GOOGL will recover by year end and the sell off today is over reaction. I decided to choose February expiration for slower thera decay on my long call. and give more time for this trade to make money for me.
| Side | Price | Filled | Realized P&L |
|---|---|---|
| Debit Open | 20.60 1 | -- Holding |
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- OswaldFinger·10-30 01:42That failed resistance matters more here. If GOOGL can't reclaim the prior range soon, this still looks like a lower high setup into February.1Report