The September 15 setup on Alphabet Inc (GOOG) played out exactly as expected.
GOOG printed fresh all-time highs for the fourth consecutive week, pushing RSI into extreme overbought territory. Price action stayed elevated, but momentum stalled just shy of the 10-delta short strike at $265. Time decay and disciplined positioning did the heavy lifting.
By Friday’s close, both options expired safely out of the money, locking in the full premium. Another textbook case of probability outweighing prediction.
Trade Recap
Structure: Bear Call Spread
Expiration: Sep 19, 2025
Short Call: 265C (10 delta)
Long Call: 270C
Contracts: 18
Credit Received: $0.23
Broker Fees: –$36
Net P/L: +$378
👉 View on OptionStrat
👉 View in Trade Log
Post-mortem
This trade leaned on stretched momentum and probability edges.
→ Three straight weeks of vertical highs left RSI at unsustainable levels.
→ Strike selection respected the 10-delta rule, keeping distance from spot.
→ Price never challenged $265, letting premium decay complete the work.
Momentum in GOOG remains strong, but elevated premiums continue to offer attractive setups. As long as conditions stay stretched, defined-risk spreads at the edge of extremes remain the playbook.
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Disclaimer
All content is for informational purposes only and does not constitute financial advice.Any trades or strategies should be tested in a simulated environment before use.Trading involves risk, and all decisions are the sole responsibility of the reader.