John Kmiecik is the head options instructor for Market Taker Mentoring, and co-author of the eBook 3 Secrets to Making Money in Any Market. Get your complimentary copy of his option trading eBook.
Ever since Google handily beat earnings back in October, GOOG stock has been on quite the run. Now, technical support is making the case for this options trade.
Sina stock has come down to a previous pivot level where it reversed and moved higher. This potential rebound signal sets up a SINA butterfly spread play.