Google dropped nearly 10%. That's an epic move for a company so large. There must be a bounce back from here.
The VIX is down and as I anticipated yesterday, the overall market is down a bit too.
At the moment all trader eyes are on META. The stock has fallen off the cliff this year and most traders predict that it will continue going down especially given the fact that Google dropped substantially due to slower growth in online advertisement.
So what's my trade for today?
I did not want to use my capital on the above two as #LUV (#SouthwestAirlines) also has earnings and it's a much cheaper stock, therefore it requires much less capital to trade. As usual with earnings plays, I tried my luck with a wide strangle in Nov.