Charlie Moon joined Schwab Network to break down a live options trade on Alphabet, a stock he says is at a critical juncture after last week’s earnings-driven selloff. Here’s the setup and what he needs to see to stay bullish.
Charlie covers:
- The key price level on Alphabet’s chart that will determine everything this week
- Why he’s approaching this as a “nail and bail” trade rather than a longer hold
- The specific options setup he’s using to keep risk small in a volatile environment
- What a successful gap fill could mean for the trade’s upside potential
- His big picture read on why this market is dangerous for bulls right now
