Google (NASDAQ:GOOG) is one of my favorite stocks to trade, simply because I know it well and its high stock cost makes it a great potential candidate for option strategies.  You should get to know any stock before placing a trade. The more intimate you are with a stock, the more prepared you will be.

GOOG, in typical fashion, reports earnings today, just before October expiration tomorrow. For some traders, using October options to trade GOOG just ahead of the report can be a way for them to speculate on the movement (or lack thereof) in the tech giant.  This front-month action can be a risky proposition and will tend to give traders a more binary result, with little or no time to spare.

For most of us, having a little bit of breathing room when it comes to days until expiration may be the preferred choice, if we are not looking for a dramatic (and nearly immediate) resolution.

GOOG’s Technical Landscape…

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