Alphabet Stock Rebound Attracting Options Bulls

Core Insights - Alphabet Inc (GOOGL) stock has been on an upward trend since early April, recently boosted by a positive second-quarter earnings report, currently trading at $201.14, close to its record high of $207.05 from February 4 [1] - The stock has seen a year-to-date increase of 6.3% [1] Options Trading Activity - GOOGL has been a focus for options traders, ranking high in options volume over the past two weeks, with 3,636,530 calls and 1,355,104 puts exchanged in the last 10 sessions [2] - The total options volume for GOOGL during this period was 4,991,634 [3] Popular Contracts - The most traded options contracts included the weekly 8/8 200-strike call and the weekly 8/1 195-strike call, indicating a bullish sentiment among traders [5] - Current trading activity shows 274,000 calls exchanged compared to 109,000 puts, with the August 202.50 call being the most actively traded contract [5] Volatility and Pricing - GOOGL's Schaeffer's Volatility Index (SVI) is at 30%, placing it in the low 19th percentile of its annual range, suggesting that options traders are anticipating low volatility [6]