GOOGL earnings dip into prior ATH demand

GOOGL sold off after earnings on capex headlines, but the plan was already defined before the open.

The key level was 306.42. That level was the previous all-time high, which is why it was marked differently on my chart. When price comes back into prior ATH after earnings, I’m not guessing direction — I’m watching to see if buyers defend it.

We came right into that zone, sellers stalled, and price started to base. That was the trigger.

Bought the 315 calls at 2.90 and sold into strength up to 9.00.

Target is simple: the previous day’s AVWAP. This is something I see over and over again. After emotional earnings moves, price very often mean-reverts back toward the prior day’s AVWAP once the dust settles.

No prediction, no reaction to headlines. Just identifying a major level, waiting for price to confirm, and letting the trade work the way it usually does when demand shows up.