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.