nice@007ws:$Alphabet(GOOGL)$ Seems to have broken above the 30 day moving average, lifted by the broader market upswing. Looks like USD 100 might be the next psychological resistance line. I remain vested in Googl, but got in at a rather expensive price. I had thought the stock would rally post-split, as what was expected historically, but it turned out quite different. I'm thinking of selling short term puts on Googl, perhaps with 45 days to expiration or so. The idea is to collect premium while waiting for the stock to edge higher. If I do get assigned, I can lower my cost basis.
$Alphabet(GOOGL)$ Seems to have broken above the 30 day moving average, lifted by the broader market upswing. Looks like USD 100 might be the next psychological resistance line. I remain vested in Googl, but got in at a rather expensive price. I had thought the stock would rally post-split, as what was expected historically, but it turned out quite different. I'm thinking of selling short term puts on Googl, perhaps with 45 days to expiration or so. The idea is to collect premium while waiting for the stock to edge higher. If I do get assigned, I can lower my cost basis.Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.