GOOG getting pinned to $440

August 18th, 2009 12:48 pm mylifemytrade Leave a comment Go to comments

The max pain level for GOOG is $440 for the upcoming August expiration.

On a day when Nasdaq is up more than 1% and most of the big tech names are up 2 to 3%, GOOG has spent most of the day in red and has budged a few cents only. This is more evidence that GOOG is getting pinned to $440 and not $450 (although I am sure that MMs will flirt with $450 to suck in more bag holders)

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