Buying GOOG call contracts.
The bear market rally continues. And as real-time inflation data continues to decline, investors are becoming more constructive on tech names.
Alphabet Inc. (GOOG) is a very profitable company with strong cash flow from its iconic ad platform. The stock is priced attractively compared to earnings.
After a 2-month bottoming process, GOOG appears ready to break out. We’ve had some false rallies in the past, but setting up a bullish play here gives us a great reward-to-risk scenrio.
If GOOG moves higher, we could lock in a triple-digit gain fairly quickly. And if GOOG pulls back, our September call contracts should still retain much of their value.
- Buy (to open) 8 GOOG September 16th $110 Calls
- Limit $11.00 or less
- The new position will represent roughly 7.7% of our Spec Model capital
- 10:06 Adjusting limit price to $11.50
- 10:13 Executed
- Bot 8 GOOG Sept. 16th $110 Calls @ $11.36