Hi Shoppers,

I am thinking Alphabet (Ticker: GOOGL) could have a doji formed yesterday:

Since April 27th GOOGL has been trading in a range of basically $120 to $105.

I think it is possible for GOOGL to bounce off that support line and trade higher.

On its way back to $120, I am seeing resistance at $110.85 and $114.

Looking at the calls, I like the Sep16 expiration:

If GOOGL opens and trades higher today, I would like to buy the 108 calls and sell the 113 calls for around $1.50.

Just remember to let it trade for a while to prove its intentions.

Thanks for Reading … See You Next Tuesday.

Licia Leslie