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Options Trading Mid-Week Update: The GOOGL Show

We’ve got an exciting week ahead of us with big technology earnings, one name being Googl (or Alphabet). Our first setup we’ll review is GOOGL after it crushed its earnings report, hitting all-time highs at $2,973. The overall market has seen an amazing comeback after a strong selloff over the last few weeks that showed our first downtrend of the year. We’re back at all-time highs and are mostly chopping right below that psychological level of $4,600 with VIX above 16.