GOOG OTM CallStrike: $128
Expiry: 09/06/23
The stock had a big run up and is now consolidating at resistance. After such a big move, price is now very far away from the 20 EMA. In the previous downtrend and current uptrend, it is observed that price tends to pullback and bounce of the 20 EMA. Now, price will likely consolidate further and pullback towards the 20EMA before the next leg up.
Call is placed at $128 purple line above the resistance zone for safety in case the price makes sudden move up as markets are volatile, the resistance could help contain it for some time. Profits long as price is contained under $128 by expiry.