13-11-07 : GOOG trade setup last nite discussion

Last night sees GOOG Nov07 $650 Put goes from $5.80 lowest to $28.10 highest. It closed at $23.30.

There's 2 ways to enter a put on last nite's 15min chart.

Way 1 : Support breakdown at $656 level (buy put @ $12)
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Way 2 : Triangle breakout at $660 level (buy put @ $8, thus cheaper)
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However, the Nov07 650 put option chart only sees breakout of the option price range at $656 support breakdown, thus way 1 is more achievable.