Alphabet (GOOGL) Options Signal $330 Bullish Pressure: Here’s How to Play the AI-Driven Breakout

• Price action: GOOGL surges 0.8% to $320.15, trading above its 30D and 200D moving averages.
• Options heat: Call open interest dominates at $330 (22,566 contracts) and $325 (17,128), while puts pile up at $280 (20,840).
• Block trades: A 1,000-lot call buy at $260 (expiring Dec 19) and a 500-lot put purchase at $235 (expiring Mar 20) hint at institutional positioning.
• News catalyst: Google’s AI chips and Gemini 3’s 650M user milestone validate long-term growth, aligning with options-driven optimism.

The stock isn’t just moving—it’s signaling. With technicals bullish, options skewed to the upside, and AI-driven fundamentals firing, GOOGL is primed for a breakout. But the question isn’t if—it’s how to position for it. Let’s break it down.Bullish Pressure at $330, but Puts Warn of Volatility

Options market sentiment is a mixed bag. Call open interest peaks at $330 (22,566) and $325 (17,128) for Friday expiration, suggesting a target for bulls. Yet puts at $280 (20,840) show hedgers aren’t ignoring risks. The put/call ratio of 0.78 (calls > puts) leans bullish, but the heavy put OI at $280 acts as a safety net for those wary of a pullback.

Block trades add intrigue. A 1,000-lot GOOGL20251219C260 call buy (entry at $260) signals confidence in a short-term rally. Meanwhile, a 500-lot GOOGL20260320P235 put purchase (strike $235, expiring March 20) hints at long-term bearish positioning. The takeaway? Bulls are stacking up near-term bets, while bears are hedging for a deeper correction.

AI Chips and Gemini 3: Fuel for the Fire

Google’s AI story isn’t just speculative—it’s materializing. Analysts valuing TPUs at $900B and Gemini 3’s 10% search query boost validate the company’s AI edge. This isn’t just about beating earnings; it’s about capturing a $900B market.

But here’s the catch: The stock’s 31x P/E isn’t cheap. If AI adoption accelerates (as the news suggests), the market will reward it. If not, the $265.24 lower Bollinger Band becomes a critical support level. The options data? It’s betting on acceleration.

Trade Ideas: Calls for the Breakout, Puts for the Safety Net

For options traders, the GOOGL20251212C330 call (Friday expiration) is a high-conviction play if GOOGL breaks above today’s intraday high of $323.16. The $330 strike is a psychological target, and with 22,566 contracts in OI, liquidity is solid. For a lower-risk angle, a GOOGL20251212P280 put (Friday) could hedge against a drop below $319.17 (intraday low).

Stock traders should consider entry near $319.17 if support holds. A breakout above $323.16 targets the upper Bollinger Band at $333.56. A breakdown below $319.17 would test the 30D support zone (284.04–285.45).Volatility on the Horizon: Balancing Risk and Reward

Alphabet’s options market is a chessboard. Bulls are stacking up at $330, bears are hedging at $280, and block trades hint at both short-term optimism and long-term caution. The AI news? It’s the spark that could ignite a rally—or a reminder that valuations are stretched.

For now, the data leans bullish. But with puts piling up at $280 and block trades hinting at a $235 floor, don’t ignore the risks. Position accordingly: lean on calls for the breakout, but keep a put spread ready if the market’s mood shifts. The next few days could define GOOGL’s 2026 trajectory—and the options market is already placing its bets.