$Alphabet(GOOG)$ Bought GOOG 7/18 155 strike calls on 4/3. Have been holding through expected turbulence, with eyes toward managing after earnings or if the share price crosses 166. Would be 0% surprised if they announced share buybacks after earnings.

This was an asymmetric risk move, expecting that at the point of purchase, there was greater potential upside than downside, based on valuation. Despite tech rolling over early in pullbacks, there comes a point during extended pain when investors go back to the security of high cash flows. Earnings will remind investors of GOOG balance sheet strength.

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