Alphabet (GOOGL) Options Signal $320 Bullish Bias Amid $4.75B Energy Play – Here’s How to Position for AI-Driven Growth

• GOOGL trades at $311.68, down 0.58% from $313.51, but sits above its 30D ($307.44) and 200D ($215.10) moving averages.
• Options open interest shows a 0.82 put/call ratio (calls dominate), with heavy call OI at $320 and $322.50 strikes expiring this Friday.
• Alphabet’s $4.75B acquisition of Intersect targets AI energy infrastructure, with projects expected to exceed 10.8 GW by 2028.

The stock’s technicals and options activity are painting a clear picture: traders are pricing in a near-term push above $314 resistance, fueled by bullish sentiment around Alphabet’s energy bets.Bullish Call OI and Block Trades Signal $320 Target

Options data tells a story of conviction. This Friday’s top OTM calls are clustered at $320 (OI: 11,178), $322.50 (OI: 9,930), and $325 (OI: 6,124), while puts are concentrated at $310 (OI: 5,589) and $295 (OI: 5,138). The imbalance—calls outweighing puts by 28%—suggests traders expect a rebound above the 30D support/resistance range of $314.03–$314.97.

Block trades add intrigue. A 2,000-lot put at $240 (GOOGL20260116P240) and a 1,000-lot call at $270 (GOOGL20260320C270) hint at hedging or long-term positioning. But the most telling move? A 1,000-lot call buy at $260 (GOOGL20251219C260) just before year-end—positioning for a 2026 rally.

Energy Acquisition Validates Bull Case

Alphabet’s $4.75B Intersect deal isn’t just a headline—it’s a strategic play to future-proof its AI infrastructure. By co-locating solar/wind projects with data centers, Alphabet aims to cut energy costs and transmission losses. This aligns with the options market’s focus on $320+ levels, as the acquisition’s $10.8 GW pipeline by 2028 could drive earnings growth.

Investor perception matters here. The market already priced in Alphabet’s 2025 AI advancements (Gemini, Google Cloud), but the energy play adds a new layer of defensibility. If utilities can’t keep up with AI’s power demands, Alphabet’s self-built grid could become a moat.

Actionable Trades for GOOGLOptions Play: Buy the GOOGL20260109C320 call (strike: $320, expiring Jan 9) if GOOGL breaks above $314. The $320 strike has 11,178 contracts of OI, indicating a likely target. A $311.68 entry today with a stop below $310.65 (intraday low) could capture a $320–$325 move.Stock Play: Consider a long entry near $311 if support holds at the Bollinger Band lower bound ($300.04). First target: $314.03 (30D resistance). Second target: $320 (call-heavy zone). A bearish put spread (e.g., GOOGL20260109P310 and GOOGL20260109P300) could hedge downside risk if volatility spikes.Volatility on the Horizon

Alphabet’s energy acquisition is a catalyst, but execution risks exist. If Intersect’s projects face permitting delays or cost overruns, the $310 support level (current put-heavy zone) could test bulls. However, the 0.82 put/call ratio and block trade patterns suggest the market expects a rebound.

Final Take: The options market and technicals are in sync—GOOGL is poised to test $320 in the coming weeks. For traders, this is a chance to align with Alphabet’s AI energy strategy while leveraging structured options plays. Just keep an eye on the $310–$314 range: a break below $310 would shift the narrative, but for now, the bias is clearly bullish.