๐ข Sold GOOGL PUT @ $2.15 โ Riding the Golden Cross Momentum
Just initiated selling a Cash Secured Put position on GOOGL (strike: $180, expiry: 29 Aug 2025) with premium collected at $2.15, while GOOGL traded near $190โ$191. Targeting a 20โ30% profit on premium as I ride the technical setup in play.
๐ Why GOOGL?
GOOGL's daily chart just printed a Golden Cross: the 50SMA crossed above the 200SMA, a rare and bullish signal that historically precedes upward momentum.
As long as $191โ$193 holds, the next leg could challenge $198, and if momentum sustains, $202โ$203 is well within reach.
๐ Key Levels I'm Watching:
Support Zones: $184 โ $180 โ $178
Resistance Zones: $192โish โ $198 โ $202โ$203
With macro tailwinds (AI, earnings strength) and technicals aligning, this GOOGL setup offers attractive risk-reward for Put sellers betting on continued consolidation or upside.
Not financial advice, just sharing my trade logic with the Tiger community.
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