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 58 extraordinary options activities for Alphabet. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 50% leaning bullish and 46% bearish. Among these notable options, 18 are puts, totaling $1,358,106, and 40 are calls, amounting to $5,072,062.
Projected Price Targets
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $5.0 to $395.0 for Alphabet during the past quarter.
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Volume & Open Interest Development
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 $5.0 to $395.0 in the last 30 days.
Alphabet 30-Day Option Volume & Interest Snapshot
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Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| GOOGL | CALL | SWEEP | BULLISH | 06/17/27 | $38.0 | $37.85 | $38.0 | $360.00 | $760.0K | 345 | 72 |
| GOOGL | PUT | SWEEP | BEARISH | 03/20/26 | $4.55 | $4.4 | $4.5 | $295.00 | $525.1K | 6.0K | 1.2K |
| GOOGL | CALL | SWEEP | BEARISH | 06/17/27 | $59.9 | $59.35 | $59.35 | $305.00 | $195.8K | 1.4K | 248 |
| GOOGL | CALL | SWEEP | BULLISH | 01/15/27 | $17.5 | $17.3 | $17.45 | $395.00 | $174.5K | 466 | 107 |
| GOOGL | CALL | TRADE | BULLISH | 06/17/27 | $38.0 | $37.95 | $38.0 | $360.00 | $152.0K | 345 | 999 |
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.
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.
Where Is Alphabet Standing Right Now?
- Trading volume stands at 6,658,713, with GOOGL’s price up by 0.67%, positioned at $309.44.
- RSI indicators show the stock to be may be approaching oversold.
- Earnings announcement expected in 55 days.
Expert Opinions on Alphabet
In the last month, 5 experts released ratings on this stock with an average target price of $384.4.
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- An analyst from Evercore ISI Group persists with their Outperform rating on Alphabet, maintaining a target price of $400.
- An analyst from Rosenblatt has decided to maintain their Neutral rating on Alphabet, which currently sits at a price target of $357.
- An analyst from Roth Capital has decided to maintain their Buy rating on Alphabet, which currently sits at a price target of $395.
- An analyst from Wedbush persists with their Outperform rating on Alphabet, maintaining a target price of $370.
- An analyst from Jefferies persists with their Buy rating on Alphabet, maintaining a target price of $400.
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.
