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Showing posts with label GOOGL Oct 28 2022 $93 put. Show all posts
Showing posts with label GOOGL Oct 28 2022 $93 put. Show all posts

Friday, October 28, 2022

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

  GET WEEKLY TRADE IDEAS HERE.

FREE OPTIONS TRADING LESSONS HERE.



10/24/2022

sell -1 Oct 28, 2022 $93 put at $0.70 (credit)
  • earnings announcement on Oct 25
  • 4 DTE
  • prob ITM:  17%
  • GOOGL = $101.66


10/28/2022 (expiration)

GOOGL closed at $96.29 (see Notes below)

My short put expired perfectly

PROFIT: $70


NOTES:

During the after-hours market yesterday (Oct 27), GOOGL traded as low as $90.38.  That was NOT fun!  However, today (expiration) GOOGL rallied back up!