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Banking on Bull Call Spreads: A Case Study in GOOGL

HOW TO TRADE BASING PATTERNSDoing well in options trading isn't just about picking the right stocks and hoping for the best.

It's about understanding what option strategy is best given the current situation.

A few weeks ago, I became bullish on GOOGL as it failed to breakdown and had a good earnings reaction.

But instead of buying calls straight up, I got better risk-adjusted returns by trading bull call spreads.

Watch this case study on the move in GOOGL to see how I traded it:


by Steven Place

Steven Place is the founder and head trader at