GOOGL Call Spread
The speaker suggests selling a call spread on GOOGL with a strike price of 405415, expecting limited upside movement. The trade is structured to benefit from a range-bound market, with the speaker noting that Google has not had a significant down tick in the last two years. The trade is considered as a way to capitalize on the skew in the options market, with the speaker acknowledging that they have not made money from similar trades in the past.
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- 405415 Call
- 405415 Put
- Market volatility
- Potential for significant losses if the stock moves beyond the call strike price
- Limited upside potential