Whales with a lot of money to spend have taken a noticeably bullish stance on Alphabet.
Looking at options history for Alphabet GOOGL we detected 59 trades.
If we consider the specifics of each trade, it is accurate to state that 57% of the investors opened trades with bullish expectations and 23% with bearish.
From the overall spotted trades, 2 are puts, for a total amount of $117,380 and 57, calls, for a total amount of $3,153,290.
What's The Price Target?
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $155.0 to $200.0 for Alphabet over the recent three months.
Volume & Open Interest Development
In terms of liquidity and interest, the mean open interest for Alphabet options trades today is 18163.43 with a total volume of 360,470.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Alphabet's big money trades within a strike price range of $155.0 to $200.0 over the last 30 days.
Alphabet Option Activity Analysis: Last 30 Days
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| GOOGL | CALL | SWEEP | BULLISH | 01/17/25 | $11.25 | $11.2 | $11.25 | $175.00 | $214.8K | 18.3K | 695 |
| GOOGL | CALL | SWEEP | BULLISH | 01/17/25 | $5.0 | $4.9 | $5.0 | $185.00 | $131.5K | 23.8K | 1.2K |
| GOOGL | CALL | TRADE | BEARISH | 12/13/24 | $1.64 | $1.59 | $1.6 | $185.00 | $126.4K | 9.6K | 30.7K |
| GOOGL | CALL | TRADE | BULLISH | 12/13/24 | $7.75 | $7.35 | $7.75 | $175.00 | $116.2K | 16.7K | 878 |
| GOOGL | CALL | SWEEP | BULLISH | 01/17/25 | $11.05 | $10.75 | $11.0 | $175.00 | $96.8K | 18.3K | 387 |
About Alphabet
Alphabet is a holding company that wholly owns internet giant Google. The California-based company derives slightly less than 90% of its revenue from Google services, the vast majority of which is advertising sales. Alongside online ads, Google services houses sales stemming from Google's subscription services (YouTube TV, YouTube Music among others), platforms (sales and in-app purchases on Play Store), and devices (Chromebooks, Pixel smartphones, and smart home products such as Chromecast). Google's cloud computing platform, or GCP, accounts for roughly 10% of Alphabet's revenue with the firm's investments in up-and-coming technologies such as self-driving cars (Waymo), health (Verily), and internet access (Google Fiber) making up the rest.
Having examined the options trading patterns of Alphabet, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Current Position of Alphabet
- Currently trading with a volume of 5,299,714, the GOOGL's price is up by 4.2%, now at $182.74.
- RSI readings suggest the stock is currently may be approaching overbought.
- Anticipated earnings release is in 49 days.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. Click here for access.
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Alphabet, Benzinga Pro gives you real-time options trades alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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