Benzinga | Jan 28, 2022 10:22AM EST

Looking At Alphabet's Recent Whale Trades

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 30 strange trades.

If we consider the specifics of each trade, it is accurate to state that 46% of the investors opened trades with bullish expectations and 53% with bearish.

From the overall spotted trades, 10 are puts, for a total amount of $1,638,418 and 20, calls, for a total amount of $1,535,601.

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 $1520.0 to $3150.0 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 $1520.0 to $3150.0 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 BULLISH 01/28/ $2580.00 $371.0K 133 246 22GOOGL PUT TRADE BULLISH 01/20/ $2300.00 $348.6K 611 31 23GOOGL PUT TRADE BULLISH 01/20/ $2300.00 $330.3K 611 13 23GOOGL PUT TRADE BULLISH 01/20/ $2300.00 $238.6K 611 13 23GOOGL CALL TRADE BULLISH 02/18/ $2600.00 $140.1K 289 31 22

Where Is Alphabet Standing Right Now?

* With a volume of 150,776, the price of GOOGL is down -0.06% at $2578.64.

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

* Next earnings are expected to be released in 4 days.

What The Experts Say On Alphabet:

* Credit Suisse has decided to maintain their Outperform rating on Alphabet, which currently sits at a price target of $3400.

* Morgan Stanley has decided to maintain their Overweight rating on Alphabet, which currently sits at a price target of $3430.

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.