Trade of the Week: Google

Trade of the Week
by Jay Soloff
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Earnings season is upon us, so there tends to be a lot of big options trades as strategists position themselves for the results. 2022 was a rough year for many tech stocks, including Alphabet Class C Shares (GOOG).  However, what appears to be a large bullish call spread traded recently in GOOG options. The call spread expires just before earnings, but could be a speculative play that shares will drift higher into the announcement. 

Author: Jay SoloffJay Soloff is the Options Portfolio Manager at Investors Alley. Jay is also the editor for 48-Hour Income, Options Insiders, and co-editor of Weekly Income Accelerator and POWR Income with Tim Plaehn. Prior to joining the online investment world, Jay was a floor trader and market maker on the CBOE, the world's largest options exchange. His experience includes trading a multi-million dollar options portfolio in equities options as well as serving as a consultant to Wall Street options trading groups. Jay also spent time as a senior analyst at a hedge fund of funds, where he analyzed professional options funds as well as traded option strategies for hedging purposes. All told, Jay has 20 years of options trading experience. He received his undergrad degree in Economics at the University of Illinois - Champaign, and his MBA and Master of Science in Information Management from Arizona State University.
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