Alphabet Stock Has Attractive Short-Put Yields As GOOGL Stock Treads Water

Alphabet, Inc. (GOOGL, GOOG) stock is attracting short-put investors for attractive one-month yields, as GOOGL stock has been treading water for the past three months. For example, a 5% lower GOOGL put has a 1.50% one-month yield.

GOOGL closed at $345.90 on Friday, Aug. 14. That's down from a recent high of $377.65 on Aug. 4, but up from a trough of $317.69 on July 23. The chart below from Barchart shows that the stock has been in a range for the past 3 months.