Tony Zhang reviews an options trade for getting long Alphabet on the dip.
Alphabet Inc . is strategically positioned to capitalize on the growing demand for AI and cloud services, driven by its robust investments in AI technologies and the continued dominance of YouTube as a leading digital platform. The recent pullback in
trades at 24 times forward earnings, which is reasonable given its strong growth prospects. The company is expected to grow EPS by 18% and revenues by 11%, significantly outpacing the average S & P 500 stock. Additionally, is above $200 at expiration, with a maximum risk of $770 per contract if
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