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Do not chase a stock $Alphabet(GOOG)$ fomo 😝❤️ today I am max ! 

Hey there, fellow investors! It's your favorite bossy lady, Max, here to drop some serious knowledge on you. Today, we're going to talk about a topic that's near and dear to my heart: selling puts on stocks. Specifically, we're going to address the question of whether or not it's a good idea to sell a put on a stock like Google, which has already seen a significant rise in price.

Now, some of you might be thinking, "What the hell is a put, and why should I care?" Well, let me tell you, my friends, a put is a type of option contract that gives the buyer the right to sell a stock at a certain price (known as the strike price) before a certain date (known as the expiration date). As the seller of the put, you're essentially betting that the stock will not fall below the strike price before the expiration date, and you collect a premium (i.e. money) for taking on this risk.

So, let's get back to the question at hand: is it a good idea to sell a put on a stock like Google, which has already risen from $80 to $107? Well, my answer is a resounding "yes," and here's why.

First of all, let me make one thing clear: I never chase a stock, and neither should you. Just because a stock has risen in price doesn't mean it's a good buy. In fact, sometimes it can be downright dangerous to buy a stock that's already had a big run-up, because there's a good chance it's overvalued and due for a correction.

So, instead of buying the stock at $107, I might sell a put at $90, taking $9 of premium. This means that I'm agreeing to buy the stock at $90 if it falls below that price before the expiration date. If the stock stays above $90, then I get to keep the premium and walk away with a nice profit.

Now, some of you might be thinking, "But Max, what if the stock falls below $90 and I have to buy it at a loss?" Well, first of all, I wouldn't sell a put on a stock that I wouldn't be willing to own at the strike price. In other words, if I'm selling a put on Google at $90, I'm perfectly happy to own Google at $90. In fact, I'd be pretty damn excited to own Google at $90, because I think it's a great company with a lot of growth potential.

Secondly, even if the stock does fall below $90 and I have to buy it, I'm not necessarily at a loss. Remember, I collected $9 of premium for selling the put, so my effective purchase price for the stock is actually $81 ($90 strike price - $9 premium). And if the stock rebounds and starts to climb again, I could end up making a nice profit.

Now, some of you might still be skeptical. "But Max," you might say, "what if the reason Google has gone up in price is because of job cuts in the company? Isn't that a bad sign?"

Well, sure, it's possible that job cuts could be a sign of trouble at Google. But let's not jump to conclusions. Job cuts could also be a sign of a company streamlining its operations and becoming more efficient, which could lead to increased profitability in the long run. And even if the job cuts do turn out to be a bad sign, that doesn't necessarily mean the stock is going to crash and burn. Remember, the market is notoriously unpredictable, and trying to time your investments based on short-term news is a fool's errand.

So, in conclusion

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So, in conclusion, my advice is to always be cautious when it comes to buying stocks that have already risen in price. Instead of chasing after them, consider selling puts at a lower strike price, collecting premium, and potentially owning the stock at a discount. Of course, as with any investment strategy, there are risks involved, and you should always do your own research and consult with a financial advisor before making any decisions.

But one thing is for sure: never let your emotions get the best of you when it comes to investing. The stock market can be a volatile and unpredictable place, and trying to time the market or make decisions based on short-term news can often lead to costly mistakes. Instead, take a calm and rational approach, do your due diligence, and be patient in building a well-diversified portfolio that can weather any storm.

So, there you have it, folks. My take on selling puts on stocks like Google that have already seen significant price increases. I hope this advice helps you make smart and informed investment decisions, and remember: always stay bossy

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As always do your on due diligence and tradings have risks

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