Yesterday Google (GOOGL) announced a 20:1 stock split to take place on July 15, 2022. With the recent NASDAQ drop I’m not prepared to buy Calls which are pretty expensive. However, I did make a Paper Trade for learning purposes. I do plan on getting involved with real money soon.
My Google Paper Trade
With the stock at $2950 I bought 1 contract of the GOOGL 6/17/22 $2950 Call for a premium of $200. This cost my $20,000. I plan on being in this Paper Trade for about a month or until I have a good profit. To me a good profit will be about $5000. And believe this can happen a lot quicker than a month!
Buy to Open 1 GOOGL 6/17/22 $2850 C @ $200.00
Successful Trading,
Steve
The Options Coach