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 54 trades.
If we consider the specifics of each trade, it is accurate to state that 40% of the investors opened trades with bullish expectations and 38% with bearish.
From the overall spotted trades, 26 are puts, for a total amount of $3,443,605 and 28, calls, for a total amount of $2,254,952.
What's The Price Target?
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $125.0 to $200.0 for Alphabet over the recent three months.
Volume & Open Interest Development
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Alphabet's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Alphabet's significant trades, within a strike price range of $125.0 to $200.0, over the past month.
Alphabet Call and Put Volume: 30-Day Overview
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| GOOGL | PUT | TRADE | BEARISH | 01/17/25 | $2.44 | $2.41 | $2.44 | $155.00 | $1.4M | 13.9K | 7.0K |
| GOOGL | CALL | TRADE | BEARISH | 01/17/25 | $7.85 | $7.75 | $7.76 | $170.00 | $931.2K | 23.3K | 2.1K |
| GOOGL | PUT | SWEEP | BEARISH | 12/19/25 | $20.0 | $19.7 | $20.0 | $175.00 | $500.0K | 1.1K | 1.0K |
| GOOGL | PUT | SWEEP | BEARISH | 12/19/25 | $20.0 | $19.7 | $19.97 | $175.00 | $499.2K | 1.1K | 750 |
| GOOGL | PUT | TRADE | BULLISH | 12/19/25 | $20.1 | $20.0 | $20.0 | $175.00 | $188.0K | 1.1K | 96 |
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
- With a trading volume of 9,406,686, the price of GOOGL is down by -1.75%, reaching $168.3.
- Current RSI values indicate that the stock is may be approaching overbought.
- Next earnings report is scheduled for 85 days from now.
What The Experts Say On Alphabet
In the last month, 5 experts released ratings on this stock with an average target price of $210.4.
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. * Maintaining their stance, an analyst from Roth MKM continues to hold a Buy rating for Alphabet, targeting a price of $212. * Maintaining their stance, an analyst from JMP Securities continues to hold a Market Outperform rating for Alphabet, targeting a price of $220. * Consistent in their evaluation, an analyst from Pivotal Research keeps a Buy rating on Alphabet with a target price of $225. * An analyst from Morgan Stanley has decided to maintain their Overweight rating on Alphabet, which currently sits at a price target of $205. * An analyst from Cantor Fitzgerald downgraded its action to Neutral with a price target of $190.
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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