A whale with a lot of money to spend has taken a noticeably bearish stance on Alphabet.
Looking at options history for Alphabet (NASDAQ:GOOGL) we detected 73 strange trades.
If we consider the specifics of each trade, it is accurate to state that 45% of the investors opened trades with bullish expectations and 54% with bearish.
From the overall spotted trades, 32 are puts, for a total amount of $1,625,412 and 41, calls, for a total amount of $1,891,561.
Projected Price Targets
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $90.0 to $165.0 for Alphabet over the recent three months.
Insights into Volume & Open Interest
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 $90.0 to $165.0 in the last 30 days.
Alphabet Option Activity Analysis: Last 30 Days
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| GOOGL | PUT | TRADE | BULLISH | 12/19/25 | $140.00 | $209.0K | 514 | 100 |
| GOOGL | CALL | TRADE | BEARISH | 02/16/24 | $135.00 | $206.7K | 3.7K | 548 |
| GOOGL | CALL | SWEEP | NEUTRAL | 09/20/24 | $130.00 | $90.0K | 1.9K | 54 |
| GOOGL | CALL | SWEEP | BULLISH | 01/19/24 | $137.50 | $84.6K | 5.6K | 69 |
| GOOGL | CALL | SWEEP | BULLISH | 04/19/24 | $125.00 | $83.6K | 1.1K | 58 |
Alphabet’s Current Market Status
- With a trading volume of 14,245,209, the price of GOOGL has up by 0.05%, reaching $131.04. Current RSI values indicate that the stock is is currently neutral between overbought and oversold. Next earnings report is scheduled for 85 days from now.
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.
