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Friday, August 26, 2022

Options trading : Alphabet (GOOGL) Earnings Play (bullish trade)

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7/26/2022 (12:54:37 pm, PT)

sell -1 August 26, 2022 $90 put at $1.15

  • oversold
  • earnings release at 1 pm (PT) on 7/26
  • prob ITM: 16.78%
  • GOOGL = $104.985 (-2.525)


8/26/2022 (Expiration)

GOOGL closed at $110.12 (down 6.53!)

My short put expired perfectly

PROFIT:  $115