GOOG Options Signal Bullish Bias: Calls at $320 Dominate as Solar Deals and AI Rivalry Shape 2025 Outlook

• GOOG trades at $308.38, down 0.3% from open, with Bollinger Bands hinting at $336.21 upper resistance and $285.26 support.
• Call open interest outpaces puts 1.37:1, with heavy concentration at $320 and $315 strikes for Friday expiration.
• Google’s renewable energy partnerships and AI competition with OpenAI could fuel long-term optimism despite near-term volatility.

The market is whispering two truths at once: short-term jitters about Zillow’s collapse and AI competition clash with long-term bets on Google’s green energy push. Let’s break down why the options data leans bullish—and where the risks lie.Where Institutional Money Is Flowing: Calls at $320, Puts at $290, and Block Trade Clues

The options chain tells a story of cautious optimism. For Friday expiration (Dec 19), GOOG20251219C320 leads with 14,301 open contracts, followed by GOOG20251219C315 at 9,126. These strikes form a cluster just above current price levels, suggesting traders expect a rebound before year-end. Meanwhile, puts at GOOG20251219P290 (7,774 OI) and GOOG20251219P285 (6,742 OI) act as downside cushions, but their lower volume implies limited bearish conviction.

Block trades add intrigue. A 800-lot buy of GOOG20250919C245 and multiple large call trades in September/October contracts hint at long-term positioning. Think of it like a builder stockpiling materials—they’re betting on a stronger 2026, not just 2025.

News That Could Tip the Scales: Solar Power, AI Wars, and Zillow’s Fall

Google’s renewable energy deals—like the 150MW Rajasthan solar project and 1TWh Malaysia PPA—reinforce its net-zero narrative. These aren’t just ESG checkboxes; they’re infrastructure bets that could drive cloud demand and data-center expansion. The YouTube TV carriage renewal with Newsmax also adds incremental revenue, though it’s a rounding error compared to the solar plays.

But don’t ignore the headwinds. Zillow’s 12% plunge after Google’s real-estate listing test shows how quickly market dynamics can shift. And while Google’s Gemini AI is gaining ground, OpenAI’s 61% market share means the AI race isn’t won yet. The key question: Will investors prioritize Google’s long-term green energy bets or short-term AI pressures?

Actionable Trades: Calls at $320, Stock Bounce at $285.38

For options traders, the GOOG20251219C320 call is a high-conviction play. If GOOG rebounds to $311.85 (intraday high) by Friday, this strike could see meaningful gains. For a longer timeline, the GOOG20251226C350 (5,131 OI) offers leverage if the solar/AI narrative accelerates next week.

Stock buyers should eye $285.38 as a key support level. If GOOG holds here, a rebound toward $301.75 (30D MA) and then $311.85 becomes likely. A breakdown below $284.45 (30D support) would force a reevaluation, with $285.26 (lower Bollinger Band) as the next critical floor.

Volatility on the Horizon: Balancing Short-Term Noise and Long-Term Gains

The RSI at 41 and MACD histogram turning negative suggest near-term exhaustion. But the 200D MA at $210.64 is a distant anchor—this stock isn’t in a bear market. The real inflection point? January’s earnings and AI roadmap updates. For now, the options data and news flow align on a "buy the dip" narrative. Just keep a tight stop below $285.38.

• Key Call Setup: GOOG20251219C320 (entry: $308–$310, target: $325)
• Stock Entry: $285.38–$286 (if support holds)
• Risk Alert: Break below $284.45 triggers reevaluation of long-term bullish case