Alphabet's Options: A Look at What the Big Money is Thinking - Alphabet (NASDAQ:GOOGL)

Core Insights - Financial institutions are showing a bullish sentiment towards Alphabet, with 46% of traders being bullish and 42% bearish, indicating a mixed outlook in options trading [1] - The predicted price range for Alphabet over the last three months is between $165.0 and $380.0, suggesting significant interest from large investors [2] - Recent options activity indicates a notable volume and open interest in both calls and puts, reflecting liquidity and trader sentiment [3][4] Options Activity - A total of 325 unusual trades were identified for Alphabet, with 124 puts valued at $9,643,500 and 201 calls valued at $18,266,274, highlighting a strong trading interest [1] - Significant options trades include bearish puts with strike prices around $165 and bullish calls with higher strike prices, indicating diverse strategies among traders [8] Company Overview - Alphabet, the parent company of Google, generates nearly 90% of its revenue from advertising, with additional income from subscription services, platforms, and devices [9] - The company's cloud computing segment contributes approximately 10% to its revenue, alongside investments in emerging technologies like self-driving cars and health [9] Market Analysis - Analysts have set an average price target of $276.0 for Alphabet, with individual targets ranging from $236 to $294, reflecting a generally positive outlook despite some caution [11][12] - The current trading volume for Alphabet is 38,864,003, with the stock price at $251.38, down 2.02%, indicating a neutral market position [14]