Trade Ideas/Updates

FLASH Alert: Alphabet (GOOGL) Stock Replacement Calls – Time to Roll!

  WAIT! New to Instant Cashflow? If you’re a new student here and you have not gone through our Quick Start or Masterclass series, we do not suggest taking action on the information below. Click here and review our educational material first. Then, review our alerts like the one below, start paper trading, and attend…

By Bill Johnson · July 17, 2026

WAIT! New to Instant Cashflow?

If you’re a new student here and you have not gone through our Quick Start or Masterclass series, we do not suggest taking action on the information below. Click here and review our educational material first. Then, review our alerts like the one below, start paper trading, and attend our live Q&A to gain confidence and knowledge first. This is a marathon not a sprint. Take the time to learn and build confidence before taking action. The Instant Cashflow strategy requires knowledge of selling options. Don’t be lazy or take shortcuts. Use the resources we’re providing each week to learn before you do. Also, remember that we do NOT give personalized investment advice and these are NOT recommendations. If that’s all clear to you, then read on…

FLASH Alert: Alphabet (GOOGL)

For those who are long the July 17 $340 call, we will be rolling DOWN and OUT to the October 16 $300 call. The stock is trading at $345.97, down $8.49 (-2.4%). Just place the following order:

Buy to open (BTO) 1 GOOGL Oct. 16 $300/July 17 $340 diagonal spread for a net debit of $50.50. Good for the day. This means you will close the July 17 $340 call and simultaneously buy the October 16 $300 call. This call has an 80 delta.

*Please be sure to get this executed today. If not, you will take delivery of the shares on Monday if the stock closes above the $340 strike. Remember, the stock is currently over $345, so the July $340 call is in-the-money right now.

After the above order is executed, the cost basis on the Oct. $300 will be -$62.45 (negative cost basis – still!). The Oct. $300 call is currently $56.

– Pete Najarian, Bill Johnson & Stu Dorfman

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