Buying GOOG call contracts.
Alphabet Inc. (GOOG) continues to be very profitable with plenty of growth ahead for the company’s ad business — and other ventures also contributing to profits.
The broad tech selloff sent shares of GOOG down to a level that represents tremendous value compared to the company’s underlying profit.
Now, the stock appears to have found support above $2,100 and should be ready to bounce in a broader bear market rally.
We’ll buy in-the-money call contracts that will allow us to participate if GOOG bounces off this support level, and should also protect our capital to some degree if GOOG stalls.
- Buy (to open) 1 GOOG July 15th $2,120 Call
- Limit $108 or less
- The new position will represent roughly 10.2% of our Spec Model capital
- 10:55 Executed
- Bot 1 GOOG Jul 15th $2,120 Call @ $103.00