Here is the third (and I think most exciting) big tech earnings announcement coming on Tuesday afternoon: Alphabet (known by 99.9999999% of thinking people as simply Google, which is also kind of suggested by the GOOGL ticker symbol).
As I wrote in a post to premium members last week, I find this chart terrifically exciting. In fact, of the three stocks I’m discussing in these posts, this is the one I plan to target with an actual position.
The IV Rank shows that I’m not the only one getting worked up about what’s happening with Alphabet. We’re basically mashed at the top off the 0-100 chart with One Year Extremes as the basis of the calculation. Options are very richly-valued.
Not surprisingly, plain old 30-day volatility is likewise showing loftiness.
I’m not getting fancy with this, considering how expensive and pricey the options are. I think I’m just going to do a simple short-sale. (Update: I composed this post pre-market; I shorted it promptly at the open; please note that none of these charts include Tuesday’s activity).
