GOOG long call 400 expiring jan 15th
I thought I knew what I was doing but apparently not, got stop loss’d.
Original thesis was simple on the surface (perhaps what got me)
Since it was dated january, i wasn’t too worried about the IV crush from earnings.
I was counting on them to beat it again, and figured capex would have been priced in already as it is old news that google is leaning hard in AI.
Healthy company, healthy revenues -> sector wide pullback -> strong earnings and price level would have reversed the downtrend as investors both retail and institutional top up their books by adding a strong compounder “cheap”.
Obviously I was wrong. Maybe had it not hit my stop, I would have been right eventually sometime mid-october but alas.
Lesson learned. I’ve done somewhat well managing my own long term investments, but I will admit I am new to “trading” and ESPECIALLY options as this was my first ever attempt.
I think I’ll stick to my boring old stocks for the time being.
