Alphabet Inc. (GOOGL) stock remains undervalued, with analysts raising price targets. The stock is trading at $335.75, up over 7% YTD. Shorting out-of-the-money (OTM) puts has been profitable, with premiums high.

Shorting $320.00 GOOGL puts for a 1-month yield of 2.51% is a good play. This provides downside protection and potential returns of over 25% annually if repeated. It’s an alternative way to invest in GOOGL stock.

Read more at Barchart: Alphabet Stock Is Still Undervalued According to Analysts