Technology
GOOGL
Alphabet Inc.
Generate income from Alphabet/Google (GOOGL) with covered calls and cash secured puts. Learn optimal strategies for this mega-cap tech stock.
Monthly Premium1.2-2.2%
Annualized Return14-26%
Stock Price$175-195
IV RankModerate (35-55)
Options LiquidityExcellent
Dividend Yield0.45%
Why GOOGL for Covered Calls & Cash Secured Puts?
GOOGL offers a good balance of stability and premium potential. The stock has dominant positions in search, YouTube, and cloud (GCP). Recent dividend initiation makes it more attractive for income strategies.
Example Covered Call Trade
GOOGLCovered Call
Strike Price$195 (7% OTM)
Expiration30 days
Premium$3.20 per share
Return If Flat1.8% ($320)
Return If Called8.5% ($1,570)
Keep Probability70% keep shares
Recommended Strategy for GOOGL
Sell covered calls 5-8% OTM monthly. GOOGL works well for the wheel with CSPs during market weakness. The relatively lower share price makes it accessible.
Risks to Consider
- AI competition concerns
- Regulatory/antitrust challenges
- Ad revenue dependency
- YouTube growth slowing
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