Deep-pocketed investors have adopted a bearish 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 27 extraordinary options activities for Alphabet. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 40% leaning bullish and 48% bearish. Among these notable options, 12 are puts, totaling $652,861, and 15 are calls, amounting to $1,481,003.
Projected Price Targets
After evaluating the trading volumes and Open Interest, it’s evident that the major market movers are focusing on a price band between $255.0 and $450.0 for Alphabet, spanning the last three months.
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Analyzing Volume & Open Interest
Looking at the volume and open interest is a powerful move while trading options. 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 trades within a strike price range from $255.0 to $450.0 in the last 30 days.
Alphabet Option Volume And Open Interest Over Last 30 Days
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| GOOGL | CALL | SWEEP | BEARISH | 03/20/26 | $23.45 | $23.35 | $23.45 | $300.00 | $281.5K | 7.8K | 138 |
| GOOGL | CALL | SWEEP | BULLISH | 05/15/26 | $12.1 | $11.9 | $12.1 | $350.00 | $242.0K | 2.3K | 16 |
| GOOGL | CALL | SWEEP | BEARISH | 01/15/27 | $49.1 | $48.5 | $48.5 | $320.00 | $174.6K | 3.2K | 37 |
| GOOGL | CALL | SWEEP | BULLISH | 01/15/27 | $12.2 | $12.2 | $12.2 | $450.00 | $165.9K | 5.5K | 136 |
| GOOGL | PUT | SWEEP | BULLISH | 02/11/26 | $2.71 | $2.67 | $2.67 | $315.00 | $150.7K | 791 | 2.0K |
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 and 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 accounts for roughly 10% of Alphabet’s revenue. The firm’s investments in up-and-coming technologies such as self-driving cars (Waymo), health (Verily), and internet access (Google Fiber) make up the rest.
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In light of the recent options history for Alphabet, it’s now appropriate to focus on the company itself. We aim to explore its current performance.
Present Market Standing of Alphabet
- Currently trading with a volume of 6,077,312, the GOOGL’s price is down by -2.86%, now at $315.03.
- RSI readings suggest the stock is currently may be approaching oversold.
- Anticipated earnings release is in 72 days.
What Analysts Are Saying About Alphabet
In the last month, 5 experts released ratings on this stock with an average target price of $386.0.
- An analyst from Jefferies persists with their Buy rating on Alphabet, maintaining a target price of $400.
- Maintaining their stance, an analyst from Roth Capital continues to hold a Buy rating for Alphabet, targeting a price of $395.
- An analyst from Needham has decided to maintain their Buy rating on Alphabet, which currently sits at a price target of $400.
- An analyst from Cantor Fitzgerald has revised its rating downward to Overweight, adjusting the price target to $370.
- Maintaining their stance, an analyst from Roth Capital continues to hold a Buy rating for Alphabet, targeting a price of $365.
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.