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Barchart
Mark R. Hake, CFA

Shorting Google Puts Is Very Popular Ahead of Its Earnings This Week

Google Alphabet

Put option premiums for Alphabet (GOOG) stock are high ahead of its earnings release due out on April 25, after the market closes. This is attracting short sellers to out-of-the-money short put trades in GOOG stock in order to create profitable income plays.

Analysts expect to see earnings per share (EPS) of $1.07 for the quarter and revenue of $68.8 billion, according to Seeking Alpha. GOOG stock, trading at $105.91, has essentially been treading water since our last article on March 26, “Shorting Google Puts Is Popular As the Stock Remains Cheap.” The stock was at $106.06 then and has traded sideways, closing at $105.91 as of April 21.

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