Is Google Set For A Rebound?

Dividend Investing

2022 was a tough year for internet search giant, Alphabet (GOOGL). Could the share price recover in 2023? At least for the next 3 months, one trader or fund thinks the stock has over 10% upside potential. The trader placed a large block of covered calls, which allows for about $12 of upside in the stock, while collecting over $2 in premiums from the short calls. Overall, it’s a moderately bullish trade on GOOGL through April expiration.

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