Benzinga | Dec 20, 2021 10:06AM EST

What Are Whales Doing With Alphabet

A whale with a lot of money to spend has taken a noticeably bearish stance on Alphabet.

Looking at options history for Alphabet (NASDAQ:GOOGL) we detected 43 strange trades.

If we consider the specifics of each trade, it is accurate to state that 37% of the investors opened trades with bullish expectations and 62% with bearish.

From the overall spotted trades, 22 are puts, for a total amount of $1,331,053 and 21, calls, for a total amount of $1,993,335.

What's The Price Target?

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $2050.0 to $3350.0 for Alphabet over the last 3 months.

Volume & Open Interest Development

Looking at the volume and open interest is a powerful move while trading options. 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 trades within a strike price range from $2050.0 to $3350.0 in the last 30 days.

Alphabet Option Volume And Open Interest Over Last 30 Days

Biggest Options Spotted:

Symbol PUT/ Trade Sentiment Exp. Strike Total Trade Open Volume CALL Type Date Price Price InterestGOOGL PUT TRADE NEUTRAL 09/16/ $2750.00 $296.6K 60 23 22GOOGL CALL TRADE BULLISH 01/21/ $2050.00 $227.4K 121 3 22GOOGL CALL TRADE BULLISH 01/20/ $2200.00 $219.0K 203 3 23GOOGL CALL SWEEP BEARISH 12/23/ $2850.00 $174.5K 1.8K 407 21GOOGL CALL SWEEP BULLISH 12/23/ $2860.00 $173.6K 55 451 21

Where Is Alphabet Standing Right Now?

* With a volume of 170,980, the price of GOOGL is down -1.06% at $2804.33.

* RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.

* Next earnings are expected to be released in 43 days.

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.

If you are already an options trader or would like to get started, head on over to Benzinga Pro. Benzinga Pro gives you up-to-date news and analytics to empower your investing and trading strategy.