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 12 options trades for Alphabet.
This isn't normal.
The overall sentiment of these big-money traders is split between 25% bullish and 50%, bearish.
Out of all of the options we uncovered, there was 1 put, for a total amount of $40,301, and 11, calls, for a total amount of $455,236.
Expected Price Movements
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $100.0 to $230.0 for Alphabet over the recent three months.
Analyzing Volume & Open Interest
In today's trading context, the average open interest for options of Alphabet stands at 5886.7, with a total volume reaching 4,877.00. 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 $100.0 to $230.0, throughout the last 30 days.
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 | CALL | SWEEP | NEUTRAL | 12/27/24 | $1.67 | $1.64 | $1.67 | $195.00 | $65.1K | 13.8K | 1.4K |
| GOOGL | CALL | TRADE | BULLISH | 06/20/25 | $8.75 | $8.6 | $8.7 | $220.00 | $52.2K | 20.4K | 0 |
| GOOGL | CALL | TRADE | BULLISH | 01/24/25 | $94.95 | $94.95 | $94.95 | $100.00 | $47.4K | 2 | 5 |
| GOOGL | CALL | TRADE | BEARISH | 02/21/25 | $48.35 | $46.85 | $46.85 | $150.00 | $46.8K | 1.0K | 0 |
| GOOGL | CALL | SWEEP | NEUTRAL | 01/17/25 | $4.2 | $4.1 | $4.2 | $197.50 | $42.0K | 258 | 167 |
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
- With a trading volume of 508,770, the price of GOOGL is up by 0.15%, reaching $194.92.
- Current RSI values indicate that the stock is may be overbought.
- Next earnings report is scheduled for 35 days from now.
What Analysts Are Saying About Alphabet
A total of 4 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $214.25.
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. Click here for access. * An analyst from B of A Securities has decided to maintain their Buy rating on Alphabet, which currently sits at a price target of $210. * 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. * An analyst from Baird downgraded its action to Outperform with 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.
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