Alphabet (GOOG) Options Signal 1.5% Upside Bias: Call OI at $330 and $325 Highlight Breakout Potential Amid AI Momentum

• GOOG surges 1.05% to $321.75, trading above 30D and 200D moving averages
• Call open interest dominates at $330 and $325 strikes, with put/call ratio at 0.74 (bullish skew)
• Block trades in call options suggest institutional positioning ahead of Q4 earnings

Here’s the core insight: options market sentiment and technicals align for a short-term upside breakout. GOOG’s 1.05% intraday gain, coupled with a 77.14 RSI and bullish Kline pattern, points to a stock primed to test its Bollinger Band upper bound at $333.73. But let’s dig into why this isn’t just noise.

Call OI Clusters at $330 and $325 Suggest Institutional Bullishness

The options data tells a story of conviction. For this Friday’s expiration, GOOG20251212C330 and GOOG20251212C325 have 8,280 and 7,739 open contracts respectively—nearly 16,000 calls concentrated just 1–3% above the current price. This isn’t retail speculation; it’s a calculated bet that GOOG will hold its 1.05% gain and potentially break out.

Meanwhile, puts at $315 (9,539 OI) and $290 (6,399 OI) show defensive positioning, but the put/call ratio of 0.74 (calls dominate) suggests the market expects a higher close. The block trades—like the 800-lot GOOG20251003C250 and GOOG20250919C245—add another layer: big players are locking in bullish exposure ahead of key AI-driven catalysts.

AI Infrastructure and Institutional Backing Fuel Conviction in Long-Term AI Narrative

The news flow isn’t just background noise. Alphabet’s Tensor Processing Units (TPUs) are being compared to cloud computing’s early days, with analysts like Jeffrey Wlodarczak raising price targets to $400. Berkshire Hathaway’s recent 18M-share purchase and OpenAI’s scramble to improve ChatGPT in response to Gemini AI all validate the market’s focus on AI monetization.

But here’s the catch: regulatory headwinds in India (mandatory satellite tracking for smartphones) could slow expansion. Yet, the options data shows little fear—call dominance suggests investors are betting on Alphabet’s ability to navigate these challenges while scaling AI infrastructure.

Specific, Actionable Trade Ideas for GOOG

For options traders, the most compelling plays are:

• GOOG20251212C330 (8,280 OI): Buy this call if GOOG holds above $319.985 (intraday low). Target $333.73 (Bollinger Band upper) for 6.5% gains.
• GOOG20251212C325 (7,739 OI): A safer play if GOOG consolidates near $320.00 (today’s open). Exit at $323.83 (intraday high) for 1.2% profit.

For stock traders, consider:

• Entry near $319.985 (support level) with a stop-loss below $318.39 (previous close).
• Target zone at $323.83–$333.73 (Bollinger Band upper).

Volatility on the Horizon: Balancing AI Optimism with Regulatory Risks

The next 72 hours will test GOOG’s resolve. If the stock holds above $319.985, the $330 call strikes could ignite a short-term rally. But keep an eye on India’s regulatory moves—any escalation could trigger a pullback. For now, the data says this is a stock with momentum, institutional backing, and a clear path to $330.

Bottom line: This isn’t a binary bet—it’s a calculated play on AI’s next phase. The options market is pricing in a 1.5–2% upside bias, and the technicals are lining up. But as always, volatility is a two-way street. Stay nimble, and let the data guide your next move.