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Barchart
Barchart
Mark R. Hake, CFA

Alphabet Stock is Trading Flat, But Shorting OTM Puts is Still a Good Play

OTM Alphabet Google Barchart Alphabet Inc

Alphabet Inc.'s (GOOG, GOOGL) stock has been flat since its Oct. 29 Q3 earnings release. One profitable way to play this is to short out-of-the-money (OTM) put options, set a lower buy-in target, and get paid while waiting.

GOOG was at $173.19 in midday trading on Monday, Dec. 2, 2024. This is roughly flat from the $172.69 it traded at on Oct. 31.

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