Google is stealing up on a midpoint resistance at 407.78 breach could signal more upside over the near term to as high as 439.66. That Hidden Pivot can be shorted with a stop-loss as tight as 22 cents, but don’t attempt it if the stock initially gets within 20 cents of the target and then drops back more than 30 cents. Officially, we’ll buy a September 270 put if and when 407.78 is approached within ten cents. We already hold one Sep 270 put for $8. ______ UPDATE (9:52 a.m.): Glug-glug-gluggle opened just above my target, but it didn’t stay up there long enough for us to buy any puts. If you shorted stock on the opening, cover now for a quick profit. If you’re plan was to buy the puts, follow the instructions as given originally.
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