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Good morning all,
I also find myself with a large percentage of my net worth in GOOGL (in taxable accounts sitting on long term capital gains). If the central expectation is that the stock will be flat or even down going forwards after its tremendous run-up this last year (that run-up is why the holding is now a large percentage), could one strategy be to sell covered calls to make up the expected flat or downturn.
For example, the current 20Mar2026 GOOGL 330 CALL is trading at 15.30/15.45, which essentially "sells" the shares at 330. You can keep rolling them up and out if you are wrong, and if the price goes down or flat, you pocket the time premium (currently the whole of it).
If my calculations are correct, that is about 5% return for 60 day holding.
Thoughts? And any specific thoughts on holding the options across the earnings announcement?
--G
