Alphabet (GOOGL) Options Signal $350 Bullish Bias: Trade Setup for AI-Driven Breakout

• Alphabet’s stock hits $329.91, up 0.4% with a 30D moving average of $314.58
• Options data shows 0.83 call/put open interest ratio, with heavy call OI at $350 and $335 strikes
• Block trades selling 5,000+ $350 calls hint at institutional bullishness ahead of March 2026

Here’s the bottom line: Alphabet shows clear upside momentum. The stock’s 65% 2025 gain, $4 trillion valuation, and AI-driven news flow align with options positioning that favors a breakout above $335. Let’s break down why this is a high-probability trade.

Bullish Imbalance in Options: Why $350 Matters

The options market isn’t whispering—it’s shouting. Call open interest at the $350 strike (GOOGL20260116C350) is 33,908 contracts, nearly triple the next highest call at $335. This isn’t just noise: it’s a crowd-sourced price target. Think of it like a football crowd chanting for a specific play—they’re betting the team will execute it.

Meanwhile, puts at $300 (GOOGL20260116P300) dominate with 41,463 OI, but that’s more about hedging than bearish conviction. The key takeaway? Traders are pricing in a $350+ move by January 16, with March block trades (selling 5,000+ $350 calls) suggesting big players are locking in profits or capitalizing on AI hype.

News That Fuels the Fire

Alphabet’s $4 trillion milestone isn’t just a number—it’s a narrative. The Apple partnership (Gemini powering Siri), Gemini 3’s 70% adoption rate, and Meta’s rumored $250B AI investment create a self-fulfilling prophecy. Every headline reinforces the stock’s AI moat, pushing retail and institutional buyers to chase momentum.

But here’s the catch: RSI at 88.52 screams overbought. A pullback to the 30D support ($313.28) isn’t out of the question. However, the $335–$340 call OI suggests even a dip could trigger a rebound—like a spring compressed but not broken.

Actionable Trade Ideas

For options traders, the GOOGL20260123C340 call (expiring Jan 23) is a no-brainer. At $340, the stock is just 3% away from this strike, and the 1,567 OI suggests liquidity. If you want a longer play, the GOOGL20260320C350 call (March expiration) offers leverage on the AI narrative, especially with block trades already softening supply.

Stock traders should consider entries near $327.35 (upper Bollinger Band) with a stop below $313.28. A breakout above $335 could target $345–$350, where heavy call OI might create short-term resistance-turned-support.Bullish Trends Ahead: Positioning for Alphabet’s AI-Driven Ascent

The pieces are aligned: technicals, options flow, and fundamentals all point higher. While volatility could spike (RSI near 89), the $350 level isn’t just a number—it’s a psychological and structural target. This is a trade for those who want to ride the AI wave, not fight it. Just keep an eye on the $313 support; if it breaks, the bullish case weakens fast. But for now, the script is written in bold.