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Mark R. Hake, CFA

Alphabet Is Attracting Value Buyers Here Ahead of Q3 Earnings

Alphabet (GOOG) stock has held up well in the last month. It looks like good value now ahead of its earnings due to come out on Oct. 24. This is especially the case for short put traders who make money selling short out-of-the-money put options for extra income.

I described this situation with GOOG puts in my Sept. 26 article, “Alphabet Stock Holds Up Well - Ideal for Short Put Traders.” For example, the article described selling short the Oct. 13 expiration puts for the $123 strike price. 

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