Alphabet Inc (GOOG, GOOGL) produced good results last quarter with higher revenue and margins. As a result, GOOGL stock looks inexpensive to some and is attractive to short-put sellers as an income play. I discussed this in my last Barchart article on Feb. 2, “Alphabet Stock Drops as Its Free Cash Flow Dips, But GOOGL Could Be Cheap Here.” At the time GOOGL stock was $140.63, and on Feb. 16 it closed at $140.52, or roughly flat. I had discussed selling short the $135 strike price put options that expire on Feb. 23. The premium at the time was $1.01 per put and today those trade for 30 cents in…