Check Out What Whales Are Doing With GOOGL

A whale with a lot of money to spend has taken a noticeably bearish stance on Alphabet.

Looking at options history for Alphabet GOOGL we detected 75 strange trades.

If we consider the specifics of each trade, it is accurate to state that 26% of the investors opened trades with bullish expectations and 73% with bearish.

From the overall spotted trades, 17 are puts, for a total amount of $1,247,673 and 58, calls, for a total amount of $7,633,395.

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What's The Price Target?

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $40.0 to $180.0 for Alphabet over the last 3 months.

Volume & Open Interest Development

In terms of liquidity and interest, the mean open interest for Alphabet options trades today is 7730.35 with a total volume of 82,319.00.

In the following chart, we are able to follow the development of volume and open interest of call and put options for Alphabet's big money trades within a strike price range of $40.0 to $180.0 over the last 30 days.

Alphabet Option Volume And Open Interest Over Last 30 Days

Biggest Options Spotted:

Where Is Alphabet Standing Right Now?

• With a volume of 21,336,234, the price of GOOGL is down -0.77% at $137.03.
• RSI indicators hint that the underlying stock may be approaching overbought.
• Next earnings are expected to be released in 39 days.

What The Experts Say On Alphabet:

• Loop Capital has decided to maintain their Hold rating on Alphabet, which currently sits at a price target of $140.
• Wedbush downgraded its action to Outperform with a price target of $160
• B of A Securities has decided to maintain their Buy rating on Alphabet, which currently sits at a price target of $146.
• JMP Securities downgraded its action to Market Outperform with a price target of $138
• Susquehanna downgraded its action to Positive with a price target of $150

Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.

If you want to stay updated on the latest options trades for Alphabet, Benzinga Pro gives you real-time options trades alerts.