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Buy Alphabet's Options Before Earnings Tomorrow

Alphabet Inc. (GOOGL), a holding company that holds interests in Google Inc. (Google) and includes segments Google and Other Bets, is reporting earnings on Thursday, July 28, after market close:

(Source: TD Waterhouse)

As evident from the above, the company beat earnings estimates in 38% of time in the last eight quarters, underperforming in 62% of time, and has seen modest volatility in the market price of its stock over the last three months (mostly Brexit-related):

The market participants expect...