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Underline stock: GOOG
Date entry: May 13, 2013
Price entry: $770 per contract. The rule of thumb is paying less
than half of the spread.
Strategy applied: Buying June 880/860 vertical puts. This is a
bearish strategy.
The trade:
Buy June 880 put and sell June 860 put for a debit of $770 per
contract
The reasons:
I believe GOOG has been over bought and it should retreat.
Cheers,
Dennis Phan 潘家墉
15 May 2013
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