Selling our GOOG call contracts.GOOG’s breakout from earlier this month appears to have failed.

And following Jerome Powell’s hawkish remarks in Jackson Hole Wyoming this morning, the overall market is backing off.

It’s hard to tell whether this new push lower will continue or if the market will find its footing. That’s why we’re keeping less exposure on the books right now and have a relatively balanced portfolio of bullish and be3arish positions.

But with GOOG now breaking through a key support area, it makes sense to close this position and look for better opportunities.

We’ll keep GOOG on our watch list and may re-enter a new bull trade if the chart pattern starts looking more constructive.