Investors with a lot of money to spend have taken a bearish stance on Alphabet (NASDAQ:GOOGL).
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don’t know. But when something this big happens with GOOGL, it often means somebody knows something is about to happen.
So how do we know what these investors just did?
Today, Benzinga‘s options scanner spotted 16 uncommon options trades for Alphabet.
This isn’t normal.
The overall sentiment of these big-money traders is split between 37% bullish and 50%, bearish.
Out of all of the special options we uncovered, 4 are puts, for a total amount of $229,966, and 12 are calls, for a total amount of $505,810.
Projected Price Targets
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $200.0 to $370.0 for Alphabet over the last 3 months.
Insights into Volume & Open Interest
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for Alphabet’s options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Alphabet’s whale activity within a strike price range from $200.0 to $370.0 in the last 30 days.
Alphabet 30-Day Option Volume & Interest Snapshot
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| GOOGL | CALL | SWEEP | BEARISH | 03/20/26 | $17.55 | $17.35 | $17.43 | $340.00 | $173.8K | 20.2K | 281 |
| GOOGL | PUT | TRADE | BEARISH | 01/30/26 | $19.3 | $19.2 | $19.3 | $350.00 | $96.5K | 55 | 50 |
| GOOGL | PUT | TRADE | BULLISH | 04/17/26 | $23.8 | $23.6 | $23.6 | $335.00 | $59.0K | 146 | 28 |
| GOOGL | PUT | SWEEP | BEARISH | 01/30/26 | $6.05 | $5.9 | $6.05 | $327.50 | $41.1K | 603 | 69 |
| GOOGL | CALL | TRADE | BEARISH | 06/18/26 | $128.85 | $126.2 | $127.06 | $210.00 | $38.1K | 3.5K | 3 |
About Alphabet
Alphabet is a holding company that wholly owns internet giant Google. The California-based company derives slightly less than 90% of its revenue from Google services, the vast majority of which is advertising sales. Alongside online ads, Google services houses sales stemming from Google’s subscription services (YouTube TV and YouTube Music, among others), platforms (sales and in-app purchases on Play Store), and devices (Chromebooks, Pixel smartphones, and smart home products such as Chromecast). Google’s cloud computing platform accounts for roughly 10% of Alphabet’s revenue. The firm’s investments in up-and-coming technologies such as self-driving cars (Waymo), health (Verily), and internet access (Google Fiber) make up the rest.
In light of the recent options history for Alphabet, it’s now appropriate to focus on the company itself. We aim to explore its current performance.
Where Is Alphabet Standing Right Now?
- Currently trading with a volume of 3,948,991, the GOOGL’s price is down by -0.78%, now at $333.36.
- RSI readings suggest the stock is currently may be overbought.
- Anticipated earnings release is in 21 days.
Professional Analyst Ratings for Alphabet
In the last month, 5 experts released ratings on this stock with an average target price of $365.0.
- An analyst from Cantor Fitzgerald has elevated its stance to Overweight, setting a new price target at $370.
- An analyst from Citigroup persists with their Buy rating on Alphabet, maintaining a target price of $350.
- An analyst from Mizuho persists with their Outperform rating on Alphabet, maintaining a target price of $365.
- Consistent in their evaluation, an analyst from Wedbush keeps a Outperform rating on Alphabet with a target price of $350.
- Consistent in their evaluation, an analyst from Canaccord Genuity keeps a Buy rating on Alphabet with a target price of $390.
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
