Dan Nathan's Alphabet Options Trade

Loading...
Loading...

On CNBC's "Options Action", Dan Nathan suggested an options strategy in Alphabet Inc GOOGL GOOG. He said the stock is acting really well in the face of a lot of really bad headlines and he thinks it could break out on the upside after the earnings report in October.

To make a bullish bet, Nathan wants to use a call calendar. He wants to sell the Oct. $1,300 call for $6 and buy the Nov. $1,300 call for $21. The trade would cost him $15 and he is hoping that the stock would close below $1,300 at the October expiration and trade above $1,315 at the November expiration.

Posted In: MediaCNBCDan NathanOptions Action
We simplify the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...