How to Make a 1.77% 1-Month Yield in GOOGL Stock - It Still Looks Undervalued

Out-of-the-money (OTM) Alphabet, Inc. (GOOGL) put options can give a 1.77% to short-sellers over the next month. Moreover, GOOGL stock has +32% upside based on an FCF-based target. Buying in-the-money calls is another play.

GOOGL closed at $309.29 on Friday, Dec. 12. It's slightly below a recent peak of $323.44 on Nov. 25. But it could be worth as much as $408.27 over the next year, as I recently wrote.