Alphabet C (GOOG) Options Signal Bullish Momentum: Key Strike Levels and Whale Moves to Watch for January 2026 Breakouts

• Current price near $315.00, up 0.19% from previous close
• Options open interest shows 32% more bullish positioning (call OI: 986K vs put OI: 744K)
• Block trades in September/October 2025 calls hint at institutional buildup

Here’s what’s happening: GOOG’s options market is painting a clear picture of bullish momentum. With the stock trading just above its 30-day support zone (314.31–315.24) and long-term moving averages pointing higher, we’re seeing a convergence of technical and options-driven signals that suggest a potential breakout in early 2026. Let’s break down why this matters for traders today.

Bullish Imbalance in Options and What It Reveals

Take a look at the OTM call options expiring this Friday (2026-01-02): the $320 strike has 15,429 open contracts, and the $322.5 strike has 13,897. That’s not just noise—it’s a crowd of traders collectively betting on a price push above 315.00. Meanwhile, puts are clustered at much lower strikes ($305–$300), suggesting downside protection isn’t the priority here.

The put/call ratio of 0.75 for open interest reinforces this. When calls dominate by that margin, it often precedes a sharp move in the direction of the majority bet—in this case, upward. But don’t ignore the risks: if the stock stumbles below the 313.25 intraday low, those puts could suddenly gain traction.

What about those block trades? The GOOG20250919C235 and GOOG20251003C250 contracts (with $1.4M+ in turnover) show big players were accumulating calls months ago. Think of it like hearing a crowd gathering before a concert—you know something’s about to start.

No Major News, But Options Tell the Story

There’s no recent headline risk here. The news vacuum means the stock isn’t being pulled by earnings surprises or sector shifts. That’s actually a good thing—it lets us focus purely on the technical and options-driven narrative. Without external noise, the market’s attention is on those key strike levels we just discussed.

This also means retail traders can lean into the options data with more confidence. When there’s no conflicting news, the crowd’s positioning becomes the dominant force. And right now, that crowd is clearly leaning bullish.

Actionable Trades for January 2026

For options players: the GOOG20260102C320 call (expiring Friday) is a high-conviction play. With 15,429 open contracts, it’s the most contested strike. If the stock closes above $320 by Friday, this could trigger a cascade of profit-taking. For a longer-term angle, the GOOG20260109C330 (next Friday) offers leverage if the move extends.

Stock traders: consider entries near $314.50 if the 30-day support holds. A clean break above $317.7 (today’s high) would validate the bullish case, with initial targets at $322.5 (the next call-heavy zone). Set a stop-loss below $313.25 to protect against a reversal.

Volatility on the Horizon

This isn’t a high-risk setup, but it’s not risk-free. If GOOG fails to hold above $313.46 (the middle Bollinger Band), the put-heavy zones at $305–$310 could become a magnet. But for now, the data points to a stock primed for a breakout.

Bottom line: The options market is already pricing in a January 2026 rally. Whether you go long via calls or the stock itself, the key is to align with the crowd’s direction—while keeping an eye on that lower support level. This is one of those setups where the crowd’s wisdom and the technicals are in sync. Time to act before the music stops.