Alphabet(US:GOOGL) Benzinga·2025-10-23 18:07Core Insights - The article highlights Alphabet Inc. (NASDAQ: GOOGL) as a standout investment opportunity during the current earnings season, noting its 100% win rate over the last four quarters and an average return of 85% in just seven days [1]. Company Performance - GOOGL is expected to report earnings after market close on October 29, and it has a strong track record with four consecutive winning trades before earnings announcements [5]. - The strategy of buying short-term, at-the-money call options about seven days prior to the earnings announcement has yielded significant gains of 68%, 113%, 98%, and 62% over the past four quarters, averaging an 85% return [5]. Trading Strategy - The recommended approach involves three steps: 1. Look for short-term (7-day) at-the-money call options [6]. 2. Enter the trade mid-week, ideally on Wednesday [6]. 3. Exit the trade before the earnings announcement, preferably the day before [6]. - A call debit spread is suggested as an alternative strategy to reduce costs and risks while still participating in potential gains [7]. Market Conditions - The article emphasizes the importance of capturing implied volatility (IV) ramp leading up to the earnings announcement, positioning GOOGL as a low-risk opportunity this quarter [4][7].