Google Pounded, Meta Earnings Today

MEGA8 options update

Alright as we noted in our post yesterday the big options open interest was to the upside in Alphabet at the $150 area, but after the earnings report the focus was on the weak performance from their Cloud platform. The stock continues to slide today trading $127.65 (-$12.45) down 9%:

Google is putting in the same set up as April 2022 which saw it smashed from $145 to below $103 a loss of nearly 29%.

Microsoft saw revenue growth of 13% and saw increased demand for their cloud computing services and the stock is trading $338.86 +8.33 or +2.52%:

Will see if the options makers can get this back below $335 by Friday!