by Gavin M.
Google was pleasantly underpriced going into earnings. This was the only time in recent years that the IV was at its lowest. I never expected GOOGL to do a monster move like NFLX but it did. A lot of people made money buying DOOM calls on it.
If you are reading this and was long GOOGL since yesterday, you probably should take profits or at least re-adjust your profit targets to ensure you lock in those gains. I would not be surprised if GOOGL announces a bigger split in the coming months as its stock becomes more expensive again.
Today, be thankful and be glad that you got to make money in this insanely bullish week. Congratulations bulls! You win this week.
Traders from Equity Sense will be writing on this blog on positions and other market-related things.