Alphabet (GOOG) Options Signal $320 Bullish Bias: Here’s How to Position for AI-Driven Energy Play

• GOOG trades at $312.98, up 0.53% with a 30D support/resistance cluster near $320.
• Call open interest spikes at $320 (13,415 contracts) and $315 (8,256), while puts top at $280 (8,994).
• Block trades show $1.1M+ in call buying for 2025-09-19 and 2025-10-03 expirations.

The options market is whispering a breakout above $320—here’s why.Bullish Imbalance in Call Open Interest and Block Trade Clues

The options chain tells a clear story: traders are stacking up for a push above $320. This Friday’s call open interest peaks at $320 (13,415 contracts) and $315 (8,256), while next Friday’s data shows even stronger positioning at $322.5 (12,832). The put/call ratio of 0.72 (favoring calls) reinforces this bias.

But here’s the twist: block trades in September and October expirations—like the $1.1M+ call purchases for GOOG20250919C235 and GOOG20251003C250—suggest big players are hedging or accumulating long-dated exposure. These trades often precede strategic moves, especially with Alphabet’s recent energy acquisition.

News Flow: Energy Deals and AI Rivalry Fuel Long-Term Optimism

Alphabet’s $4.75B Intersect Power buy isn’t just about energy—it’s about fueling AI dominance. The $10B security pact with Palo Alto Networks and Sam Altman’s "huge threat" comments add layers to this narrative. While the SerpApi lawsuit could create short-term noise, the broader story is about securing infrastructure for AI and cloud growth.

This aligns with options sentiment. Traders aren’t just betting on a rebound—they’re pricing in a future where Alphabet’s energy-backed AI outpaces rivals.

Actionable Trade Ideas: Calls at $320 and Breakout Plays

For options: Buy GOOG20260102C320 (next Friday’s $320 call) if GOOG closes above today’s high of $316.18. The $320 strike is a psychological hurdle with heavy OI, and a break above it could trigger a cascade of stop-loss orders.

For stock: Consider entry near $314.55 (middle Bollinger Band) with a stop below $310.75. Target $325 if the $320 level holds—Bollinger’s upper band sits at $327.92, but energy news could push it higher.

Bearish hedge: A put spread at $300–$290 (GOOG20260102P300 + short GOOG20260102P290) caps risk if the $310.75 low breaks.

Volatility on the Horizon: Energy, AI, and the $320 Crossroads

Alphabet’s options market is a microcosm of its strategic bets. The $320 level isn’t just a number—it’s a gateway to validating its energy-driven AI ambitions. If the stock holds above $310.75 and breaks $320, the 30D support/resistance cluster ($319.91–$320.84) could turn into a springboard.

But don’t ignore the puts. While the call bias is strong, the $280–$305 put OI reminds us that a sharp pullback (say, 5%+) isn’t impossible. Keep a tight stop or consider covered calls to mitigate risk.

Bottom line: This is a stock at the intersection of energy, AI, and institutional positioning. The options data and news flow point to a high-conviction trade—just make sure your strategy matches the scale of the opportunity.