Alphabet (Google) will announce earnings soon, offering investors a 2.0% income yield by shorting put options. Stock currently at $313.02, below recent peak of $323.44. Potential upside of $87 per share, or +27.5%. Alphabet to announce Q4 2025 earnings on Feb. 4. Selling out-of-the-money put options could generate extra income.

Shorting near-term out-of-the-money put options has been successful. Selling to close puts at $295.00 strike price could earn an investor 1.434% yield. Opportunity to repeat trade with $300.00 strike price puts for a 2.31% yield. Good way to make extra income for shareholders and set lower buy-in point for new investors.

Buying in-the-money calls can benefit from upside in Alphabet stock. Using short-put income to defray cost of buying calls further out in expiration. Net cost to buy $295.00 calls now just $328.00. Expected ROI of 7.1% over 7 months, 12.5% annualized. Excellent way to gain upside in Alphabet stock.

Read more at Barchart: How to Make a 2.0% Income Yield in GOOGL Stock Over the Next Month