Maybe you’ve seen other traders getting worked up on message boards about alleged manipulation of GOOG. I know a lot of chatter on internet message boards is just plain silly, but as for this stock….well the numbers don’t lie. GOOG continually closes near a strike price (often within a few cents) almost every OE (Options Expiration) Friday.
This type of price action is referred to as “pinning” amongst traders.
I go over the details a bit more in this 5 minute video:
What’s really cool about GOOG being “pinned” is that you can use this type of manipulation to make HUGE profits by trading call or put options during options expiration week. There is a bit of trick to it, but I alert and explain it to subscribers. Many of these trades can produce up to 500% profits in 24 hours or less. Wanna try it out?
*Update: OM subscribers were alerted to buy GOOG Sep 490 calls 1 day before expiration. Those calls went up 400% the next day!
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