I Just Entered Google — Here's Why

Google just flashed a signal I haven't seen in a while, and I couldn't sit on the sidelines any longer.

For the first time in months, our IADSS chart is showing a -2.3 mean reversion reading on the extended trading hours chart. The last time we saw something comparable? Let's just say the move that followed was exactly the kind of opportunity I build positions around.

Google pulled back from $352 all the way down to $310, and it's sitting right on a key support level. Now, I'm not naive — if this support doesn't hold, my analysis says we could track back to $275, and ultimately the 200 moving average down at $240.

But here's the thing: I don't own any Google yet. This is my very first entry. Am I early? Possibly. But with the structure I chose — a modified synthetic long — I have the ability to adjust if I'm wrong. And that flexibility is everything.

So what did I actually do, and how did I price it?