Jul. 10 at 7:19 PM
$GOOGL is approaching a key decision point.
Last week's trendline breakout is now being retested after a bounce from the same higher-timeframe demand zone that acted as support since Q1.
Aggregated options exposure shows price sitting in a gamma transition zone. If buyers defend this retest and momentum returns, dealer hedging could amplify the move higher as call exposure builds.
Next call magnet is around
$370+, where significant July 24 call positioning is located.
Earnings results are reported on July 22. This triggers natural FOMO buying from next week, which could add further momentum to our thesis.
Roadmap:
✅ Higher-timeframe support intact
✅ Trendline breakout being retested
✅ Positive gamma structure remains supportive
Watching for acceptance above current levels before targeting the
$370 area.
If the broader market is good, this could be one of the cleaner continuation setups among the Mag 7.
I sold put vertical spreads expiring next week for a decent 1.2R.
Not financial advice.
