#Earnings #BullPutSpreads GOOGL looking bullish but I’d prefer to stay OTM in case its one day performance pulls back a bit. Going with a spread rather than naked since I don’t want to take assignment of such an expensive stock, and the margin requirement provides far better return percentage.

Sold to Open $GOOGL Jan 27th 815/805 put spreads for 1.40. Biggest UP move: 16.3%, Biggest DOWN move: -5.4%, Average move: 4.5%. This trade is 4.6% OTM.