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

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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…

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