Follow me on Twitter!

Friday, October 28, 2022

Options trading : Alphabet (GOOGL) earnings play (semi-bullish)

  GET WEEKLY TRADE IDEAS HERE.

FREE OPTIONS TRADING LESSONS HERE.



10/25/2022 (12:31:26 pm, PT)

sell -1 Oct 28, 2022 $95 put at $0.53
  • earnings announcement at 1 pm, PT today
  • prob ITM:  13.51%
  • GOOGL = $104.60
  • market maker move:  up/down $5.90
  • 3 DTE


10/28/2022 (11:35:50 am, PT)  🠈🠈  Expiration

buy back the short put at $0.02 to remove the risk of assignment

PROFIT:  $51 (in 3 days)