Alphabet C (GOOG) Options Signal Bullish Momentum: Key Strike Levels and Whale Moves Point to $320+ Upside Potential

• Current price near $315.02, down 0.2% from open but above 30D support/resistance cluster.
• Options open interest shows 0.74 put/call ratio, favoring bullish positioning with heavy call OI at $320 and $325 strikes.
• Block trades in older call options suggest institutional accumulation ahead of key technical levels.

Here’s the takeaway: GOOG’s options market is painting a clear picture of optimism. With short-term bullish momentum and a long-term uptrend intact, the stock is perched at a crossroads—support holds, and $320 becomes the next logical target. Let’s break down why this setup matters.

Where the Money Is Flowing: OTM Calls, Puts, and Whale Moves

The options chain tells a story of cautious bullishness. For Friday’s expirations, the $320 call (OI: 10,692) and $325 call (OI: 9,255) dominate open interest, while the $280 put (OI: 8,647) is the largest bearish bet. This isn’t just noise—those call strikes align with the upper Bollinger Band at $326.56, suggesting traders are pricing in a potential breakout.

The next Friday’s options amplify this theme. The $320 call (OI: 14,535) and $322.5 call (OI: 12,608) are even more crowded, hinting at a growing conviction in the $320–$325 range. Meanwhile, block trades like GOOG20250919C235 and GOOG20251003C250 (with $1.1M+ turnover) show big players have been quietly loading up on call options months ahead. Think of it like a ship building momentum—these trades aren’t random; they’re strategic.

No News, But the Market Still Speaks

There’s no recent headline noise about Alphabet C, but that’s not a problem. The options market is acting independently, which can be a strong signal. Without earnings or product announcements to sway sentiment, the focus shifts to technical levels and institutional moves. This is where the Bollinger Band setup becomes critical: if GOOG closes above $316.56 (intraday high), it could trigger a short squeeze as the $320 call wall gets tested.

Your Playbook: Stock and Options Moves for Today

For options traders, the GOOG20251226C320 (Friday’s $320 call) is a high-conviction play. If the stock holds above $315.24 (30D support), this strike could see explosive value. For a longer-term bet, the GOOG20260102C322.5 (next Friday’s $322.5 call) offers leverage if the $316.17 resistance (also 30D upper bound) breaks.

Stock buyers should consider entry near $315.24 if the 30D support holds. A successful breakout above $316.56 could target $320, where the call wall lives. But watch the lower Bollinger Band at $301.46—if the stock dips below that, the bullish case weakens fast.

Volatility on the Horizon: What to Watch

The next 48 hours will test GOOG’s resolve. A close above $316.56 could ignite a rally toward $325, while a drop below $313.73 (intraday low) might trigger defensive moves. The options market isn’t screaming for a crash, but it’s not ignoring risks either. Keep an eye on the $320 call’s IV (implied volatility)—if it spikes, that’s your cue to reassess.

Bottom line: This is a stock with momentum, structure, and smart money behind it. The question isn’t whether GOOG can go higher—it’s whether you’re positioned to ride the wave.