With GOOGL earnings approaching, it’s an interesting time for a diagonal spread
Listen to Options Playbook Radio 217: GOOGL Diagonal into Earnings
We are in the heart of earnings season, and next week a lot of the FANG stocks will announce. Let’s take a look at a diagonal spread in GOOGL. You can find more in The Options Playbook, which is always available on OptionsPlaybook.com, in on the Amazon Kindle edition.
Specifically:
- Why a diagonal spread?
- What is a diagonal spread?
- Setting up a trade
- GOOGL announces earnigns on 7/23
- Selecting the strikes and expirations
- What do we want to happen? What do we want to avoid?
- What is the risk? Reward?
- Remember margin!
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