Alphabet (GOOGL) Options Signal $310–$325 Bullish Bias Amid $4.75B Acquisition – Here’s How to Play It

• GOOGL trades at $309.33, up 0.7% from open, with short-term bearish momentum but long-term bullish trends intact.
• Options data shows heavy call open interest at $310–$325 strikes, while block trades hint at institutional positioning for a post-acquisition rally.
• Alphabet’s $4.75B Intersect buyout targets data center energy needs, aligning with call-heavy options sentiment.

Here’s the takeaway: upside potential is strong today. The stock is testing key support at $305.30 while options buyers are stacking up for a breakout above $310. Let’s break down why this matters for your portfolio.

Bullish Pressure at $310–$325, Bearish Caution Below $290

The options market is screaming a story. For this Friday’s expiration, call open interest peaks at $310 (12,921 contracts) and $325 (4,511), while puts dominate at $290 (6,334) and $300 (6,006). This isn’t random—traders are pricing in a 7–10% rally if GOOGL cracks $310. The RSI at 43.38 and MACD histogram (-3.36) suggest oversold conditions, but the 30D moving average ($303.95) is acting as a floor.

Block trades add intrigue. A 2,000-lot put at GOOGL20260116P240 (strike $240) and a 1,000-lot call at GOOGL20251219C260 (strike $260) signal big players hedging or scalping volatility. The $240 put is a deep out-of-the-money bet for a worst-case scenario, while the $260 call suggests confidence in a near-term rebound.

Acquisition News Fuels Call Buying, But Risks Remain

Alphabet’s $4.75B Intersect acquisition isn’t just a headline—it’s a strategic move to power Google Cloud’s growth. The deal adds gigawatts of energy infrastructure, directly addressing the stock’s long-term bullish case. CEO Sundar Pichai’s emphasis on geothermal and carbon capture tech ties neatly to Wall Street’s love for ESG-driven narratives.

But here’s the catch: regulatory delays could push the deal to Q2 2026, creating short-term volatility. That’s why the $290–$300 put spreads are so popular—investors are hedging against a pullback if the market loses patience. The news also explains why call buyers are ignoring the 200D MA at $212.19; this is a growth story, not a value play.

Trade Ideas: Calls for Breakouts, Puts for Insurance

For options traders: Buy GOOGL20260102C315 (strike $315, next Friday expiry) if GOOGL closes above $310 today. The 30D resistance at $319.68 is a key target, and the $315 strike offers 4–5% leverage if the stock holds its current momentum. For a safer play, sell the GOOGL20260102P290–P300 bear put spread to profit from a $290–$300 rangebound scenario.

Stock traders: Enter near $309.33 with a tight stop below $305.30 (intraday low). First target is $315 (call-heavy zone), then $320 (Bollinger Upper Band at $328.60 is the ceiling). If the stock dips below $305, the 200D MA at $212.19 is a long-term floor—buy the dip only if volume shrinks (today’s 11.5M shares is unusually high).

Volatility on the Horizon: Balancing Bullish Momentum and Regulatory Risks

The next 72 hours will test GOOGL’s resolve. A close above $310 would validate the call-heavy options bets and likely push the stock toward $325. But don’t ignore the puts—the 0.805 put/call ratio (favoring calls) means a sharp reversal could trigger panic selling. Keep an eye on the GOOGL20260116P240 block trade; if that put spikes in volume, it’s a red flag for bears.

Bottom line: This is a high-conviction trade for growth bulls. The Intersect deal is a catalyst, the options data is a roadmap, and the technicals are lining up for a breakout. But always hedge with a small put position—this market doesn’t give free lunches.