GOOGL Alphabet Options Ahead of Earnings ! Sell-Off Thesis !
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If you haven`t sold GOOGL here:
or reentered here:
Then analyzing the options chain and chart patterns of GOOGL Alphabet Inc prior to the earnings report this week, I would consider purchasing the 115usd strike price Puts with an expiration date of 2024-1-19, for a premium of approximately $6.15. If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
While Google currently holds a dominant position in the search engine market, the landscape is dynamic and subject to change. If Microsoft successfully leverages its partnership with OpenAI to enhance Bing's capabilities, coupled with strategic marketing initiatives, it could potentially chip away at Google's market share over time.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.