GOOG is up $714 year-to-date thru June 7th. That's a 41% gain for the year.The NASDAQ 100 is up $914 year-to-date. A mere 7% gain for the year.
Based on Google's relative out performance (>30%), and in consideration of the recent tech rally over the past 2 weeks, and as a contrarian play ...
I thought it would be smart to pick up a Jul '21 Put contract this afternoon.
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GOOG closed last September at $1464. Has as PE ratio of 41.83 actual for 2020; a forecast PE of 27.41 for 2021.Not going to hold that Put contract for long. Currently down the price of a premium android cell phone.
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But I need to quit reading stock charts for now, so I can watch Haulover Inlet videos on YouTube.
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Orange shaded area is NDX performance.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.