Financial giants have made a conspicuous bullish move on Alphabet. Our analysis of options history for Alphabet GOOGL revealed 26 unusual trades.
Delving into the details, we found 65% of traders were bullish, while 23% showed bearish tendencies. Out of all the trades we spotted, 3 were puts, with a value of $2,200,275, and 23 were calls, valued at $1,270,604.
What's The Price Target?
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $130.0 to $220.0 for Alphabet over the recent three months.
Insights into Volume & Open Interest
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Alphabet's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Alphabet's whale trades within a strike price range from $130.0 to $220.0 in the last 30 days.
Alphabet 30-Day Option Volume & Interest Snapshot
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| GOOGL | PUT | SWEEP | BULLISH | 12/19/25 | $10.45 | $10.15 | $10.2 | $170.00 | $2.0M | 847 | 6.0K |
| GOOGL | CALL | SWEEP | BULLISH | 02/21/25 | $25.05 | $24.75 | $24.94 | $175.00 | $139.6K | 5.7K | 78 |
| GOOGL | CALL | SWEEP | BULLISH | 12/20/24 | $2.44 | $2.39 | $2.43 | $195.00 | $121.3K | 11.7K | 5.2K |
| GOOGL | CALL | SWEEP | BULLISH | 12/20/24 | $2.38 | $2.37 | $2.37 | $195.00 | $98.3K | 11.7K | 4.6K |
| GOOGL | CALL | SWEEP | BULLISH | 12/27/24 | $1.98 | $1.94 | $1.98 | $200.00 | $96.6K | 11.9K | 6.0K |
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
Alphabet's Current Market Status
- With a volume of 5,990,510, the price of GOOGL is up 0.08% at $195.57.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 41 days.
What The Experts Say On Alphabet
Over the past month, 3 industry analysts have shared their insights on this stock, proposing an average target price of $215.66666666666666.
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. * Reflecting concerns, an analyst from Goldman Sachs lowers its rating to Buy with a new price target of $210. * An analyst from JP Morgan has decided to maintain their Overweight rating on Alphabet, which currently sits at a price target of $232. * In a cautious move, an analyst from Baird downgraded its rating to Outperform, setting a price target of $205.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Alphabet options trades with real-time alerts from Benzinga Pro.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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