From Barchart:

Alphabet, Google’s parent company, reported strong third-quarter results with increased revenue and margins. This has led to potential undervaluation of GOOGL stock, making it an attractive option for short-put sellers looking for income opportunities.

Overall, the company’s performance in the last quarter has been well-received by investors, signaling positive outlook for Alphabet’s future growth and profitability.



Read more: Alphabet Stock Still Looks Cheap to Some, Especially Those Selling Puts Short for Income