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Deep-pocketed investors have adopted a bullish approach towards Alphabet (NASDAQ:GOOGL), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in GOOGL usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 129 extraordinary options activities for Alphabet. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 46% leaning bullish and 40% bearish. Among these notable options, 56 are puts, totaling $5,158,312, and 73 are calls, amounting to $5,722,039.
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $5.0 and $260.0 for Alphabet, spanning the last three months.
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 $5.0 to $260.0, over the past month.
Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
---|---|---|---|---|---|---|---|---|---|---|---|
GOOGL | PUT | SWEEP | BEARISH | 01/17/25 | $10.2 | $10.15 | $10.19 | $150.00 | $537.8K | 8.4K | 637 |
GOOGL | PUT | SWEEP | BULLISH | 12/20/24 | $9.3 | $9.25 | $9.3 | $150.00 | $284.5K | 6.4K | 3.8K |
GOOGL | PUT | TRADE | NEUTRAL | 06/18/26 | $21.1 | $19.3 | $20.05 | $150.00 | $200.5K | 495 | 100 |
GOOGL | PUT | SWEEP | NEUTRAL | 12/20/24 | $9.2 | $9.15 | $9.2 | $150.00 | $152.7K | 6.4K | 2.8K |
GOOGL | CALL | TRADE | BULLISH | 09/20/24 | $143.05 | $142.35 | $143.04 | $5.00 | $143.0K | 1 | 30 |
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.
Following our analysis of the options activities associated with Alphabet, we pivot to a closer look at the company's own performance.
Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $204.2.
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.
Posted In: GOOGL