Brian Stutland, contributor to CNBC’s Options Action shown on Fridays, recommends selling the existing GOOG stock after a huge rally and replaced by a credit put spread in Nov for his long time bullish view before earning report.
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Are option traders expecting a major sell off in June? $VIX had been smashed today prior to last 30 minutes of trading and then $SPY puts found a bid. #EAVOL https://t.co/dpBynvQkB7
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Brian Stutland