Alphabet (GOOG) Options Signal Bullish Bias: Key Strike Levels and 0.75 Put/Call Ratio Highlight Upside Potential

• GOOG trades at $314.07, down 0.28% from its 52-week high of $314.96 amid mixed technicals.
• Options data shows heavy call open interest at $320 and $322.50 strikes, with a put/call ratio of 0.75 signaling bullish sentiment.
• Block trades and AI/clean energy news position GOOG for potential breakout above $314.30 support.

Here’s the takeaway: GOOG’s options market and technicals align for a bullish bias, with key resistance at $315–$315.24 and a 0.75 put/call ratio suggesting aggressive call buying. The stock’s 30D support/resistance cluster at $314.30–$315.24 could act as a catalyst for a short-term rally if buyers hold this level.

Bullish Pressure in Options and Block Trades

The options chain tells a clear story: call open interest dominates at $320 and $322.50 strikes for this Friday’s expiration, with 15,180 and 13,385 contracts outstanding, respectively. This concentration suggests institutional players are pricing in a potential $320+ move before the January 2 expiry. Meanwhile, puts at $305 (2,621 OI) hint at a psychological floor if the stock stumbles.

Block trades add intrigue. A notable GOOG20250919C235 call was bought in bulk (800 contracts, $467k turnover), signaling confidence in the stock’s ability to outperform. These trades, combined with the OTM call skew, imply a high conviction in Alphabet’s AI-driven growth narrative.

News-Driven Momentum: AI and Clean Energy Fuel Optimism

Alphabet’s recent headlines are a tailwind. The $4.75 billion Intersect acquisition secures clean energy for AI data centers, addressing a critical bottleneck in scaling operations. This move not only supports long-term decarbonization goals but also insulates the stock from energy price volatility—a hidden risk for AI-heavy tech firms.

The Gemini AI partnership with Apple (if confirmed) could supercharge user adoption of Google’s AI tools. Analysts already peg a 29% chance of Alphabet becoming the world’s largest company by 2026. Retail investors are pricing in this potential: the stock’s 200D moving average at $216 feels like a distant memory compared to its current $314 level.

Actionable Trade Ideas for GOOG

For options traders, consider buying GOOG20260109C320 (next Friday’s $320 call) if GOOG breaks above $314.30 support. The strike sits at the upper end of the Bollinger Bands ($325.96 upper band) and aligns with heavy call OI. A $325 target gives this call room to run, especially if AI partnership rumors heat up.

Stock traders should watch $311.90 (intraday low) as a critical support level. A close above $314.30 could trigger a rally toward $325, with the 30D resistance at $315.24 acting as a stepping stone. For downside protection, a bear put spread at $305 (GOOG20260109P305) offers limited risk if the stock dips below $311.90.Volatility on the Horizon

The coming weeks will test GOOG’s resolve. A breakout above $315.24 could reignite the long-term bullish trend, while a drop below $311.90 might force reevaluation of the AI growth story. Either way, the options market is pricing in a high-probability move—up, not down—as Alphabet’s AI and clean energy bets play out in 2026.