How I traded GOOG

There is my trade on GOOG.

I was on a PCCRC early on, and because of the nice profits, I began tu sell calls, first one long call, and then earlier this week I actually shorted one more call. With one long call in balance, I decided to go through earnings. Should the news had been excellent and the stock had rallied, I'd be OK because of that extra call.

Instead, the stock is tanking after hours, and it is likely to continue down tomorrow... I am going to make additional money on the downside.

Notice how I transformed my trade from bullish to more or less delta neutral, for an additional profit.

There is nothing wrong with taking profits.

My psychology is always sell high IV and buy low IV.... Well, front month IV was quite high. Well see the results tomorrow.