Alphabet's Google stock is experiencing a strong upward trajectory, ramping up over 4% for the week, indicative of a solid post-election performance and optimism about future trading ranges.
Utilizing a short iron condor strategy allows traders to benefit from time decay as they predict price movements, estimating volatility through ATR and market makers' pricing.
Google stock holds impressive ratings with a 94 Composite Rating and 97 Earnings Per Share Rating, which showcase its strong market position despite uncertainties in the advertising sector.
The proposed iron condor trade for Google involves selling 200 call options while simultaneously buying 205 calls and engaging in similar put options, with the potential to earn $143 profit.
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