Alphabet's Options Frenzy: What You Need to Know - Alphabet (NASDAQ:GOOGL)

Core Viewpoint - Deep-pocketed investors are adopting a bearish approach towards Alphabet, indicating potential significant market movements ahead [1] Options Activity - Benzinga's options scanner highlighted 150 extraordinary options activities for Alphabet, with 41% of investors leaning bullish and 47% bearish [2] - Notable options include 25 puts totaling $2,121,796 and 125 calls amounting to $10,519,392 [2] Price Target Analysis - Big players are eyeing a price window for Alphabet between $160.0 and $485.0 over the past quarter [3] Volume and Open Interest - The mean open interest for Alphabet options trades is 5202.84, with a total volume of 306,915.00 [4] Significant Options Trades - Various significant trades include bullish and bearish sentiments, with notable trades such as: - CALL trade with a total price of $591.1K and strike price of $255.00 [8] - PUT trade with a total price of $397.7K and strike price of $345.00 [8] - CALL trade with a total price of $238.4K and strike price of $340.00 [8] - CALL trade with a total price of $198.0K and strike price of $315.00 [8] Company Overview - Alphabet, the parent company of Google, derives nearly 90% of its revenue from Google services, primarily from advertising sales [9] - The company also generates revenue from subscription services, platforms, devices, and its cloud computing platform, which accounts for about 10% of total revenue [9] Analyst Ratings - Recent analyst ratings for Alphabet show an average target price of $337.5, with various ratings including Neutral at $300, Buy at $375, and an upgraded Buy at $320 [11][12]