If you're not burnt out on puts quite yet, consider these two charts of GOOGL: GOOGL 2-Day GOOGL 240 Minute The stock is trading @ $345, down $23 as I post this, down 6% on the day after 90 minutes of trading. The top chart shows an intermediate term upward sloping parallel channel that has provided support all the way up from late March. The second chart, the 240 minute, shows price about to break below a horizontal parallel channel going back to early June. If it breaks here, its headed toward that lower channel support which comes in around $320-330 this week. That's about another 6% lower from current prices. GOOGL July Puts On any close (or sooner if it breaks hard) below that horizontal channel support, around $345, I'm buying the July $325 puts, looking for a quick triple digit return.
