GOOG – Google (Last:488.40)

Google is too hot right now for us to play catch-up, but because we have a score to settle, we’ll be looking for any opportunity we can find to plunder the unwary.  The stock appears bound for 553.87, opening up the possibility of our buying cheap vertical spreads near the 550 strike.  The December spreads sell for a little more than three bucks, but we’ll want to pay no more than $1.50 or so. That will require legging into the spread, buy side first. Stay tuned, since the trade must be attempted when the stock is falling toward a Hidden Pivot retracement target.