Financial giants have made a conspicuous bearish move on Alphabet. Our analysis of options history for Alphabet GOOGL revealed 71 unusual trades.
Delving into the details, we found 36% of traders were bullish, while 43% showed bearish tendencies. Out of all the trades we spotted, 16 were puts, with a value of $2,695,018, and 55 were calls, valued at $3,685,718.
Expected Price Movements
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $25.0 to $370.0 for Alphabet during the past quarter.
Volume & Open Interest Development
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
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 activity within a strike price range from $25.0 to $370.0 in the last 30 days.
Alphabet Call and Put Volume: 30-Day Overview
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 | TRADE | BEARISH | 02/21/25 | $13.35 | $13.2 | $13.3 | $200.00 | $1.7M | 2.4K | 1.3K |
| GOOGL | CALL | TRADE | BEARISH | 06/20/25 | $168.1 | $167.45 | $167.7 | $25.00 | $335.4K | 35 | 20 |
| GOOGL | CALL | TRADE | BEARISH | 06/20/25 | $168.2 | $167.4 | $167.65 | $25.00 | $335.3K | 35 | 153 |
| GOOGL | CALL | TRADE | BULLISH | 06/20/25 | $167.95 | $167.45 | $167.79 | $25.00 | $318.8K | 35 | 91 |
| GOOGL | CALL | TRADE | BULLISH | 01/15/27 | $46.7 | $46.45 | $46.7 | $180.00 | $233.5K | 447 | 62 |
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
Present Market Standing of Alphabet
- Currently trading with a volume of 10,737,159, the GOOGL's price is up by 1.51%, now at $192.29.
- RSI readings suggest the stock is currently may be approaching overbought.
- Anticipated earnings release is in 25 days.
Expert Opinions on Alphabet
A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $217.4.
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. * Consistent in their evaluation, an analyst from Wolfe Research keeps a Outperform rating on Alphabet with a target price of $230. * 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 Goldman Sachs downgraded its rating to Buy, setting a price target of $210. * Maintaining their stance, an analyst from B of A Securities continues to hold a Buy rating for Alphabet, targeting a price of $210. * An analyst from Baird downgraded its action to Outperform with a price target of $205.
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.
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