Benzinga | Jan 6, 2022 03:33PM EST

This Is What Whales Are Betting On 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 246 strange trades.

If we consider the specifics of each trade, it is accurate to state that 34% of the investors opened trades with bullish expectations and 65% with bearish.

From the overall spotted trades, 83 are puts, for a total amount of $7,074,644 and 163, calls, for a total amount of $12,925,078.

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 $800.0 to $4500.0 for Alphabet over the last 3 months.

Volume & Open Interest Development

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 $800.0 to $4500.0 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 CALL TRADE NEUTRAL 01/19/ $2300.00 $716.1K 7 10 24GOOGL CALL TRADE NEUTRAL 01/19/ $2250.00 $600.0K 11 11 24GOOGL PUT SWEEP BEARISH 01/19/ $2200.00 $167.5K 72 11 24GOOGL PUT TRADE BULLISH 01/19/ $4400.00 $165.8K 30 1 24GOOGL PUT TRADE BULLISH 01/19/ $4200.00 $148.0K 4 2 24

Where Is Alphabet Standing Right Now?

* With a volume of 1,361,320, the price of GOOGL is up 0.4% at $2766.43.

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

* Next earnings are expected to be released in 26 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.