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Alphabet, Inc. (GOOGL) is set to announce earnings early next month. Whether GOOGL stock rises or stays flat, investors can make a 2.0% income yield by shorting one-month out-of-the-money put options.
GOOGL is at $313.02 in morning trading on Friday, Jan. 2, 2026. It's still below $323.44, where it peaked on Nov. 25, but could still be worth considerably more.