Core Insights - Investors with significant capital have adopted a bearish stance on Alphabet (NASDAQ: GOOGL), indicating potential insider knowledge of upcoming events [1] - The overall sentiment among large traders is mixed, with 37% bullish and 50% bearish positions observed [2] Options Activity - A total of 16 uncommon options trades for Alphabet were detected, with 4 puts amounting to $229,966 and 12 calls totaling $505,810 [2] - Whales have targeted a price range for Alphabet between $200.0 and $370.0 over the past three months based on volume and open interest [3] Volume and Open Interest Analysis - Analyzing volume and open interest provides insights into liquidity and interest for Alphabet's options, particularly within the $200.0 to $370.0 strike price range over the last 30 days [4] Significant Options Trades - Notable trades include bearish call sweeps and puts, with varying strike prices and sentiments, indicating a complex trading environment [7] Company Overview - Alphabet, the parent company of Google, derives nearly 90% of its revenue from Google services, primarily through advertising, with additional revenue from subscription services and cloud computing [8] Current Performance and Analyst Ratings - The current trading volume for GOOGL is 3,948,991, with a price of $333.36, reflecting a decrease of -0.78% [11] - Analysts have set an average target price of $365.0, with various ratings ranging from Overweight to Buy, indicating a generally positive outlook despite current bearish options activity [10][11][13]
Behind the Scenes of Alphabet's Latest Options Trends - Alphabet (NASDAQ:GOOGL)