Market Whales and Their Recent Bets on GOOGL Options - Alphabet (NASDAQ:GOOGL)

Recent activity from wealthy investors indicates a strong bullish sentiment towards Alphabet (GOOGL). Such moves are noteworthy and could imply significant changes on the horizon. Analysis by options tracking reveals that heavy betting on GOOGL options has picked up. Although the identities of these investors are not disclosed, the scale of the trading often hints at upcoming impacts on the market.

Today, a review of options activity at Benzinga's scanner displayed nine remarkable instances of options trading for Alphabet. This frequency of transactions marks a notable deviation from the norm.

Investor sentiment appears varied, with approximately 55% maintaining a bullish outlook while 33% adopt a bearish position. Among the trading activities recorded, there were two put options with a total value of $124,452 and seven call options costing $474,678.

Projected Price Targets

Considering the volume and open interest data for these options, it seems that the market whales are eyeing a price range between $150.0 and $360.0 for Alphabet over the past three months.

Volume & Open Interest Insights

Analyzing the volume and open interest is essential for a deeper understanding of stock viability.

This analysis can provide significant insight into market interest and liquidity associated with the options for different strike prices of Alphabet.

The following outlines the developments in volume and open interest related to GOOGL’s options within the $150.0 to $360.0 strike price range over the past 30 days.

Exploring Recent Options Activity

In the last month, notable options trades have surfaced, highlighting a mix of optimism and resources among investors.

Significant Options Trades Observed:

Symbol	PUT/CALL	Trade Type	Sentiment	Expiration Date	Ask Price	Bid Price	Transaction Price	Strike Price	Total Trade Value	Open Interest	Volume
GOOGL	CALL	TRADE	BULLISH	02/21/25	$23.0	$23.0	$23.0	$160.00	$172.5K	1.6K	75
GOOGL	CALL	SWEEP	BULLISH	06/18/26	$27.35	$27.3	$27.35	$185.00	$103.9K	418	53
GOOGL	CALL	SWEEP	BULLISH	01/17/25	$1.3	$1.29	$1.29	$200.00	$71.5K	89.3K	1.7K
GOOGL	PUT	SWEEP	BEARISH	02/21/25	$9.7	$9.65	$9.65	$180.00	$70.4K	386	103
GOOGL	PUT	TRADE	BEARISH	04/17/25	$9.0	$8.95	$9.0	$175.00	$54.0K	260	60

About Alphabet

Alphabet is the parent company of Google, a major player in the internet industry. The company generates nearly 90% of its revenue through Google services, largely from advertising sales. In addition to online ads, Alphabet's revenue streams include subscriptions from services like YouTube TV and YouTube Music, as well as sales from the Google Play Store and its device lineup including Chromebooks and Pixel smartphones. Alphabet’s cloud service, Google Cloud Platform (GCP), accounts for roughly 10% of its revenue, while investments in new technologies like self-driving vehicles (Waymo) and healthcare (Verily) contribute to the remaining income.

Given the recent trends in options trading for Alphabet, it’s crucial to examine its current market performance.

Current Market Standing of Alphabet

• GOOGL is trading at $178.2, with a volume of 3,482,171, reflecting a rise of 0.96%.
• Relative Strength Index (RSI) shows that the stock might be overbought.
• The company is expected to release its earnings in 82 days.

Analyst Ratings for Alphabet

Over the last month, five analysts have evaluated GOOGL and have set an average price target of $203.0.

Key Analyst Perspectives:

- An analyst from Needham has downgraded their rating to Buy, with a target of $210.

- Truist Securities maintains a Buy rating with a price target of $220.

- RBC Capital continues an Outperform rating, targeting a price of $210.

- Bernstein rates the stock as Market Perform with a target of $185.

- An analyst from Cantor Fitzgerald has lowered his rating to Neutral, adjusting the price target to $190.

Engaging in options trading carries higher risks but also significant potential rewards. Savvy traders manage these risks through ongoing education, strategic adjustments, monitoring key indicators, and remaining aware of market dynamics. Stay current on the latest developments in Alphabet's options trades for timely updates.

options, trading, Alphabet