Is Google’s Stock 13% Off All-Time Highs a Good Enough Deal?

Google (GOOGL) is set to release its Q3 2024 earnings on October 29th, after the market closes. Following its July 18th peak, the stock has dipped approximately 13%, presenting a potential opportunity for investors considering an entry point.

As the world’s leading search engine, Google processes around 99,000 search queries per second—that's 8.5 billion per day or nearly 2 trillion global searches a year. Beyond search, Google also owns YouTube, which has an enormous 4.95 billion monthly active users worldwide.

In a notable shift earlier this year, Google took a major step to reward its shareholders with dividend payments—a move that adds to its appeal for both growth and income-focused investors.

So, with its stock down from recent highs, the question becomes: is now the time to buy?

Trading Considerations for Google Earnings:

For Those Looking to Trade After Earnings

Consider waiting until after Google reports to:

• Place a 185/190 Vertical Call Spread

                                   or

• Place a 150/145 Vertical Put Spread

For Those Wanting to Own Google Stock

If you're bullish on Google and want to capitalize on premium increases pre-earnings:

• Sell Cash-Secured Puts at 157.5 or Below

The trading opportunities mentioned are informational and not intended as personal financial advice, conduct your own due diligence, all trades involve risk, there is no guarantee of ROI, a potential loss of capital exists with any trade.