Investors with a lot of money to spend have taken a bearish stance on Alphabet GOOGL.
And retail traders should know.
We noticed this today when the positions showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with GOOGL, it often means somebody knows something is about to happen.
Today, Benzinga's options scanner spotted 14 options trades for Alphabet.
This isn't normal.
The overall sentiment of these big-money traders is split between 42% bullish and 57%, bearish.
Out of all of the options we uncovered, there was 1 put, for a total amount of $38,800, and 13, calls, for a total amount of $1,744,283.
Projected Price Targets
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $105.0 to $152.5 for Alphabet over the last 3 months.
Analyzing Volume & Open Interest
In today's trading context, the average open interest for options of Alphabet stands at 4212.92, with a total volume reaching 1,566.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Alphabet, situated within the strike price corridor from $105.0 to $152.5, throughout the last 30 days.
Alphabet Option Activity Analysis: Last 30 Days
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| GOOGL | CALL | TRADE | BULLISH | 01/16/26 | $140.00 | $999.9K | 3.6K | 0 |
| GOOGL | CALL | TRADE | BULLISH | 03/08/24 | $130.00 | $147.0K | 326 | 1 |
| GOOGL | CALL | TRADE | BEARISH | 01/17/25 | $125.00 | $129.2K | 5.4K | 0 |
| GOOGL | CALL | TRADE | BULLISH | 01/17/25 | $130.00 | $110.2K | 5.3K | 5 |
| GOOGL | CALL | TRADE | BULLISH | 06/20/25 | $105.00 | $87.2K | 367 | 20 |
About Alphabet
Alphabet is a holding company. Internet media giant Google is a wholly owned subsidiary. Google generates 99% of Alphabet revenue, of which more than 85% is from online ads. Google's other revenue is from sales of apps and content on Google Play and YouTube, as well as cloud service fees and other licensing revenue. Sales of hardware such as Chromebooks, the Pixel smartphone, and smart home products, which include Nest and Google Home, also contribute to other revenue. Alphabet's moonshot investments are in its other bets segment, where it bets on technology to enhance health (Verily), provide faster internet access (Google Fiber), enable self-driving cars (Waymo), and more.
After a thorough review of the options trading surrounding Alphabet, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Present Market Standing of Alphabet
- With a trading volume of 2,722,178, the price of GOOGL is down by -0.01%, reaching $138.44.
- Current RSI values indicate that the stock is is currently neutral between overbought and oversold.
- Next earnings report is scheduled for 53 days from now.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Alphabet with Benzinga Pro for real-time alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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