Here is the third (and I think most exciting) big tech earnings announcement which came on Tuesday afternoon: Alphabet (NASDAQ:GOOGL) (known by 99.9999999% of thinking people as simply Google, also kind of suggested by the GOOGL ticker symbol).
I found this chart terrifically exciting. In fact, of the three stocks I’ve discussed in these posts, this was the one I planned to target with an actual position.
The IV Rank showed that I’m not the only one getting worked up about what was happening with Alphabet. We were basically mashed at the top off the 0-100 chart with One Year Extremes as the basis of the calculation.
Options are very richly-valued.
Not surprisingly, plain old 30-day volatility was likewise showing loftiness.
I wasn't getting fancy with this, considering how expensive and pricey the options were. I thought I’d just do a simple short-sale. (Update: I composed this post pre-market; I shorted it promptly at the open; please note that none of these charts include Tuesday’s activity).