GOOG Options Signal Bullish Bias: Key Call Strikes and Block Trades Point to $320+ Upside Potential

• Options market leans bullish: Call open interest dominates (put/call ratio: 0.74), with heavy concentration at $320 and $325 strikes.
• Price action sets up breakout scenario: GOOG trades near 30-day support (313.73) but faces critical resistance at 315.24–316.17.
• Block trades hint at institutional positioning: Large call purchases at $235–$260 strikes in September/October 2025 suggest long-term conviction.

Here’s what’s happening: The options market isn’t just bullish—it’s focused. Over 14,500 call contracts at the $320 strike (next Friday’s expiration) show traders are pricing in a 4.7% move above current levels. Meanwhile, the MACD histogram turns negative and RSI hovers near 47.67, hinting at a potential pullback… but the 30-day moving average at $307.30 still acts as a floor. This isn’t just noise—it’s a setup.The Bull Case in Options and Block Trades

The call/put imbalance tells a clear story. For next Friday’s expirations, the GOOG20260102C320 strike leads with 14,535 open contracts—nearly double the nearest competitor. This suggests institutional players are hedging or scaling up for a post-holiday rally. Meanwhile, the GOOG20260102P305 put at 2,312 contracts shows some downside caution, but it’s dwarfed by call volume.

Block trades add another layer. The GOOG20250919C235 and GOOG20251003C250 options saw massive $1.1M+ trades in September and October 2025. These weren’t random buys—they were strategic bets on AI-driven growth and cloud expansion, which still underpin GOOG’s fundamentals. If the stock retests $314.01 (Bollinger Middle Band), these old block trades could reanimate as profit-taking triggers.

No Major News, But Technicals Tell the Story

There’s no recent headline risk for GOOG—no earnings, no product delays, no regulatory drama. That’s both a blessing and a curse. Without news to anchor sentiment, the market defaults to technical levels. The 30-day support/resistance range (313.73–316.56) is now a battleground. If GOOG breaks above 316.17 (upper 30D resistance), the 320-strike calls become a self-fulfilling prophecy. But watch the 200D moving average at $164.29—if the stock ever freefalls below $301.46 (lower Bollinger Band), panic could set in.

Actionable Trades for Today

1. Options Play: Buy GOOG20260102C320 calls if GOOG closes above $315.24 today. With 14,535 contracts in open interest, this strike has liquidity and implied volatility support. Target exit at $325 (5.3% gain) if the stock gaps up tomorrow.
2. Stock Play: Enter long near $314.01 (Bollinger Middle Band) with a stop-loss at $313.73 (intraday low). First target: $316.56 (Bollinger Upper Band), then $320. If the stock dips below $313.73, consider a bullish put spread at the $310 strike (OI: 2,988) to hedge the downside.

Volatility on the Horizon

The next 72 hours will test GOOG’s resolve. A close above $316.17 (30D resistance) could trigger a multi-day rally toward $325, fueled by call buyers and block-trade profit-taking. But don’t ignore the risks: the RSI isn’t screaming overbought yet (47.67), but the MACD histogram’s negative divergence warns of a possible consolidation phase. This isn’t a one-way bet—it’s a calculated dance between momentum and caution. Position yourself to capitalize on the breakout… but keep a seatbelt handy.