Alphabet (GOOGL) was the Cinderella of FANG in 2020 but a relative safe haven from Ursa Maxima last week. 3Q earnings blew away the Street's whisper number. Google shares of a compelling value below 1560 or 22 times earnings. The global search ad market has recovered from its summer malaise and YouTube is on fire, as is the embryonic Google Cloud business. The Justice Department antitrust lawsuit and the resurgence of the Coronavirus pandemic are both Achilles heels for the bullish Google trade. Traffic acquisition cost have also risen and operating expenses need to be cut. I can well envision Google trades in a 1400 to 1900 range next year. This gives vast opportunities to design and implement highly profitable option trading strategies on Google now that the Volatility Index (VIX) Wall Street's pendulum of greed and fear has moved about 40 in a predictable risk aversion spasm. Red or Blue, America, I still love you!