Alphabet Stock Hits Record Highs on Antitrust Case Ruling

Core Viewpoint - Alphabet Inc will not be required to divest its Chrome browser and Android operating systems following the Department of Justice's antitrust case, resulting in a significant positive impact on its stock price, which rose by 8.8% to $229.86 [1] Stock Performance - The stock reached fresh record highs and is on track for its largest single-day percentage gain since April 9, with a year-over-year increase of 46.2% [2] Analyst Reactions - Analysts have responded positively, with Oppenheimer raising its price target from $235 to a Street-high of $270, labeling the ruling as the "best-case outcome" for Alphabet [3] Options Market Activity - Options trading volume for GOOGL has surged, with 589,000 calls and 285,000 puts exchanged, indicating heightened interest. The most popular option is the weekly 9/5 230-strike call, and the current options are priced reasonably with low volatility expectations reflected in the Schaeffer's Volatility Index (SVI) of 34% [4]