$GOOGL trade analyis

GOOGL on Thursday crossed the 5/12EMA just before close.

Open to Friday, GOOGL tested to break above the 12EMA and a rejection. Within those first 15 minutes we see GOOGL then try to reclaim the 5EMA. Failed attempt.

At about 1015 we had a brave candle break the 5EMA and test the 12EMA. Based on open rejection. i took puts at the top of this 1015 candle. Entered at $2918.

At that rejection we had a $9 move down. On Friday, with volatility, that makes for quite the bit of money. I exit the trade at previous support $2908. that was 65% move on the contracts.