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.