GOOGL Put Credit Spread - Jun 19 Defined Risk

GOOGL is a liquid mega-cap candidate for a probability-driven bullish spread. The short strike is about 7% below current price, giving a reasonable cushion while keeping max loss defined. Estimated probability profile: about 70-74% POP if live delta aligns near 20-25.

Current quote snapshot used for this alert: GOOGL ~$350.34. This is an educational trade idea, not personalized financial advice.

Underlying: GOOGL @ ~$350.34 Expiration: Jun 19, 2026 Structure: Sell 325P / Buy 315P Target entry: collect about $2.00 credit per share, or better.

Probability focus: sell premium below spot with a risk cap and let theta work if the stock stays above the short put. Skip if spread liquidity widens materially.

Use limit orders only. Verify live option chain liquidity, bid/ask width, earnings date, and short-strike delta before entering. Skip the setup if the live credit is materially worse than the target or if the short strike is no longer around the intended probability zone.

Take profits at 50% of max profit, near $100 per 1-lot. Defend or exit if the position reaches about 2x credit received, near a $400 loss per 1-lot, or if price closes beyond the short strike with momentum. Avoid holding into expiration week unless actively managing assignment/gamma risk. Re-check earnings and macro-event calendar before entry.