That was one of the lessons I learned today. If a stock tanks big time AH on their earnings report, then cover AH. Because the next morning, it could be trading higher. I had $3K fewer profits because I waited until this morning to cover my AMZN short.
Just so you know: Vol's will be decimated on any rally. Sell puts. If you can't stand the heat on short premo then undertrade.
GOOG closed with an outside bar and bullish engulfing pattern (daily chart). You are probably right... As always we'll see for sure tomorrow.