Alphabet (GOOG) Options Signal Bullish Breakout: Target $320+ with Call OI Surging at Key Strikes

• Current price: $315.23, up 0.21% with volume surging to 4.99M shares
• Call open interest spikes at $320 and $322.5 strikes ahead of Friday’s expiry
• Block trades and analyst upgrades highlight AI/cloud-driven momentum

Here’s the takeaway: Alphabet shows clear upside potential today. Options data, technicals, and news all point to a breakout above $315.13 resistance. The risk? A pullback below $314.36 support could trigger short-term selling pressure.

Bullish Sentiment Locked in at $320–$325

The options market is screaming bullish. This Friday’s call open interest peaks at $320 (16,084 contracts) and $322.5 (14,374), while next Friday’s $320 strike (2,697 OI) and $340 strike (1,640 OI) show lingering optimism. That’s not just noise—it’s a crowd betting on a $320+ move. Puts are quieter, with top OTM strikes at $305 and $300, suggesting limited downside fear unless the stock cracks $312.20 (intraday low).

Block trades add intrigue. The GOOG20250919C245 call (bought in Q3) and GOOG20251003C250 (unknown direction) hint at long-term positioning. These aren’t just retail bets—those 800-lot trades suggest big players are hedging or scaling up ahead of Q4.

News Flow Fuels the Bull Case

Alphabet’s recent moves are textbook infrastructure expansion. The $4.75B Intersect acquisition and 150 MW solar pact with ReNew Energy scream "we’re building for the future." Combine that with BMO’s $343 price target and Q3 earnings beating by 25%—this isn’t just a stock trade. It’s a bet on AI-driven cloud dominance. The Gemini AI model powering Samsung and Bahrain’s cybersecurity contract? That’s the kind of ecosystem play that turns skeptics into believers.

But here’s the catch: The RSI at 46.46 isn’t screaming overbought, but the MACD histogram (-1.05) shows fading momentum. If volume dries up on the next rally, the $314.36 support becomes critical. Retail traders might panic-sell there; pros will see it as a buying opportunity.

Actionable Trades for Today

For options: Buy GOOG20260109C320 (next Friday’s $320 call) if GOOG breaks above $315.13. The $320 strike is a liquidity magnet—price action here could spark a cascade of stop-loss orders. For a safer play, sell a bearish put spread at $305/$300 (OI: 4,829 and 3,272) if the stock dips below $312.20.

For stock: Enter long near $314.36 (30D support) with a tight stop at $312.20. Target $325 (Bollinger Upper Band at $325.26) as a short-term ceiling. If the 200D MA ($217.66) ever becomes relevant again, you’ll know it’s a deep-value play.

Volatility on the Horizon

The next 72 hours will test GOOG’s resolve. A close above $315.39 (intraday high) could trigger a retest of the $325.26 upper band. But don’t ignore the puts—$305 is a psychological level with 4,829 OI. If the AI hype falters, that’s where the first line of defense lies.

Bottom line: This is a stock in motion. The options market, technicals, and news all align for a $320+ breakout. But stay nimble—Alphabet’s momentum could shift if cloud growth slows or AI hype cools. For now, the script is written: buy the breakout, sell the breakdown.