GOOG – Google (Last:593.09)

GOOG has been struggling for altitude lately, unable to muster the potential last-gasp rally it would take to achieve a Hidden Pivot target at 607.28.  The butterfly spread advised from lower levels is nicely profitable now, but it may have entailed too much work to engage the interest of subscribers.  Here’s an easy one, though: If the stock hits 607.00, get short by buying a single January 570 put. It should be selling for less than $5, but it will be easier to be scientific about it by monitoring the option bid/asked spread when the stock gets within a buck or so of the target.