Alphabet (GOOG) Options Signal Bullish Momentum: Key Strike Levels and Trade Setups for Dec 12 Expiry

• GOOG trades at $317.62, up 1% from open, with intraday high at $317.72
• Call open interest dominates (put/call ratio: 0.74), with heavy OI at $340 and $345 calls
• EU antitrust probe and Pentagon AI contract highlight risk/reward asymmetry

The options market is whispering a clear message: bulls are in control. With call open interest outpacing puts by 54%, and block trades hinting at institutional bets, GOOG’s price action suggests a breakout is brewing. But regulatory risks linger—let’s break it down.Bullish Imbalance in Options and Whale Moves

The options chain tells a story of conviction. This Friday’s $340 call (OI: 17,913) and $345 call (OI: 7,405) are magnets for capital, while puts cluster at $285 (OI: 10,254). That’s not a random spread—it’s a roadmap. Traders are pricing in a 7–10% upside move before Dec 12.

But don’t ignore the shadows. The $285 put OI suggests a psychological floor. If GOOG dips below $312.62 (intraday low), that support could crumble. And the block trades? Three large call purchases (e.g., GOOG20250919C235) hint at big players hedging or scaling up ahead of earnings or AI announcements.

News Flow: Regulatory Risks vs. AI-Driven Optimism

The EU’s antitrust probe is a sword hanging over GOOG. A 10% revenue fine could dent shares, but the market’s pricing in resilience. Pivotal Research’s $400 price target and Q3’s $102.3B revenue beat show why bulls aren’t panicking.

Meanwhile, Google’s AI ad push and Pentagon cloud contract are tailwinds. These aren’t just headlines—they’re catalysts. If the EU probe softens or the AI monetization outperforms, GOOG could surge past $330 (Bollinger Middle Band + 15%). But if the EU escalates, watch for a test of the 200D MA at $164.29—unlikely, but not impossible.

Actionable Trade SetupsOptions Play: Buy the GOOG20251212C340 call. Why? The $340 strike is the most liquid OTM call this week, and a close above $317.72 (intraday high) could trigger a rally. Target $345–$350 by expiry.Stock Play: Enter near $312.62 (intraday low) if support holds. Set a stop-loss below $303.41 (Bollinger Middle Band). Target $330 first, then $340.Conservative Play: A call spread (e.g., buy GOOG20251212C320 and sell GOOG20251212C340) caps risk while capitalizing on a moderate breakout.Volatility on the Horizon

This week’s options expiry (Dec 12) is a pressure valve. If GOOG breaks $317.72 and holds, the $340 call becomes a lottery ticket. But don’t ignore the puts—$285 is a key level to watch. The EU probe could be a headwind, but the fundamentals are strong.

Bottom line: This is a stock at a crossroads. Bulls have the upper hand, but patience is key. Trade with the trend, but keep a seatbelt on for regulatory surprises.