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 trades 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.
So how do we know what these investors just did?
Today, Benzinga's options scanner spotted 124 uncommon options trades for Alphabet.
This isn't normal.
The overall sentiment of these big-money traders is split between 36% bullish and 44%, bearish.
Out of all of the special options we uncovered, 46 are puts, for a total amount of $3,433,962, and 78 are calls, for a total amount of $7,581,492.
Projected Price Targets
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $25.0 to $350.0 for Alphabet over the last 3 months.
Volume & Open Interest Development
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Alphabet's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Alphabet's substantial trades, within a strike price spectrum from $25.0 to $350.0 over the preceding 30 days.
Alphabet Option Volume And Open Interest Over Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| GOOGL | CALL | TRADE | BEARISH | 09/19/25 | $27.1 | $26.8 | $26.83 | $180.00 | $2.6M | 1.0K | 1.0K |
| GOOGL | PUT | TRADE | BULLISH | 06/20/25 | $13.55 | $13.4 | $13.46 | $190.00 | $807.6K | 1.6K | 610 |
| GOOGL | CALL | SWEEP | BEARISH | 06/20/25 | $11.9 | $11.8 | $11.8 | $200.00 | $588.8K | 20.1K | 881 |
| GOOGL | CALL | TRADE | NEUTRAL | 01/17/25 | $30.65 | $30.35 | $30.5 | $160.00 | $228.7K | 19.5K | 370 |
| GOOGL | CALL | SWEEP | BEARISH | 06/20/25 | $11.9 | $11.75 | $11.8 | $200.00 | $208.8K | 20.1K | 1.0K |
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 8,829,015, the price of GOOGL is up 0.12% at $191.24.
- RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
- Next earnings are expected to be released in 14 days.
Expert Opinions on Alphabet
Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $222.0.
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 Wedbush has decided to maintain their Outperform rating on Alphabet, which currently sits at a price target of $220. * An analyst from Keybanc has decided to maintain their Overweight rating on Alphabet, which currently sits at a price target of $225. * An analyst from Stifel has decided to maintain their Buy rating on Alphabet, which currently sits at a price target of $225. * An analyst from Wolfe Research persists with their Outperform rating on Alphabet, maintaining a target price of $230. * Consistent in their evaluation, an analyst from B of A Securities keeps a Buy rating on Alphabet with a target price of $210.
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.
© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
