CLOSING the $GOOG OptionsAction trade - dan

5jun - doesnt change the outcome really, but a dan nathan and optionsaction tweet today referenced "closing a winning Put spread" in google, despite that trade not being what was mentioned on air. see dans full write up at Risk Reversal . want to take odds the OptionsAction show presents this as a big win on the show, despite the discrepencies of the trade?

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29may - going to close this out, reading between the lines per dans post on his Risk Reversal website .. he mentions that hes closing the trade and references what hes going to mention on-air.. im going to assume he adjusted the strikes prior to going on air since his strikes dont match what he presented on-air, maybe the price is correct maybe it isnt..but ill close trade based on his intent of the post.. pulling up the spread as it appeared on air , the 585/560..that can be closed for breakeven so will close it for flat in the spreadsheet.  at least he trying to be transparent, im not assuming a conspiracy theory on this, simple mistake im sure.

mikes on air trades -->> mikes trades in google docs spreadsheet


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21 May- kind of an update to this trade..dan touched on it on the show. He added to the GOOG bearish position by adding a JULY put spread as well to catch earnings. see his writeup on his site -->> Risk reversal His June spread remains on as shown on-air.


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18may - on fridays show, dan presents a bullish trade on google . Buying a Put Spread, here is the video segment that has this trade video segment . not a fan of brian sullivan, makes any conversation more adversarial than it needs to be and yells over the top of everyone else (Dillon Ratigan style)

Buy the Jun 585/560 put spread for $6.50

Dan lays it out well, his max risk and max loss and why he wants to put this on. Dans usual method is that when spread works in his favor he takes profits on some of the lots and lets the rest run. good trade, possible 3 to 1 return, only alternative i would suggest is maybe do a July spread instead to give yourself more time to let it work for you, but then again what has been keeping me out is the upcoming stock split.

google docs spreadsheet of Dans trades: dans trades

follow me on twitter @mark_lexus for more trades, charts and setup