Benzinga | Dec 31, 2021 12:58PM EST

Alphabet Whale Trades Spotted

Someone with a lot of money to spend has taken a bearish stance on Alphabet (NASDAQ:GOOGL).

And retail traders should know.

We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

Whether this is an institution or just a wealthy individual, 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 this whale just did?

Today, Benzinga's options scanner spotted 70 uncommon options trades for Alphabet.

This isn't normal.

The overall sentiment of these big-money traders is split between 42% bullish and 57%, bearish.

Out of all of the special options we uncovered, 13 are puts, for a total amount of $884,494, and 57 are calls, for a total amount of $8,740,742.

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 $1400.0 to $3500.0 for Alphabet over the last 3 months.

Volume & Open Interest Development

In terms of liquidity and interest, the mean open interest for Alphabet options trades today is 392.02 with a total volume of 2,936.00.

In the following chart, we are able to follow the development of volume and open interest of call and put options for Alphabet's big money trades within a strike price range of $1400.0 to $3500.0 over 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 CALL TRADE BULLISH 01/21/ $2100.00 $812.0K 693 20 22GOOGL CALL SWEEP BULLISH 01/21/ $2100.00 $812.0K 693 0 22GOOGL CALL TRADE BULLISH 01/21/ $1800.00 $778.4K 915 10 22GOOGL CALL TRADE BULLISH 12/31/ $2800.00 $568.0K 1.3K 150 21GOOGL CALL TRADE BEARISH 12/31/ $2800.00 $551.5K 1.3K 200 21

Where Is Alphabet Standing Right Now?

* With a volume of 237,525, the price of GOOGL is down -0.41% at $2912.07.

* RSI indicators hint that the underlying stock may be approaching overbought.

* Next earnings are expected to be released in 32 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.