Financial giants have made a conspicuous bearish move on Alphabet. Our analysis of options history for Alphabet (NASDAQ:GOOGL) revealed 99 unusual trades.

Delving into the details, we found 32% of traders were bullish, while 49% showed bearish tendencies. Out of all the trades we spotted, 28 were puts, with a value of $3,317,743, and 71 were calls, valued at $10,102,302.

Projected Price Targets

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $90.0 to $370.0 for Alphabet over the last 3 months.

Volume & Open Interest Development

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 $90.0 to $370.0 in the last 30 days.

Alphabet Option Activity Analysis: Last 30 Days

Biggest Options Spotted:

About Alphabet

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?

• Currently trading with a volume of 12,845,429, the GOOGL's price is down by -2.54%, now at $279.42.
• RSI readings suggest the stock is currently may be approaching overbought.
• Anticipated earnings release is in 82 days.

What Analysts Are Saying About Alphabet

In the last month, 5 experts released ratings on this stock with an average target price of $335.0.

Turn $1000 into $1270 in just 20 days?

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.