Alphabet (GOOGL) Options Signal $320 Bullish Bias: Here’s How to Position for the $5 Trillion Run

• Current Price Action: GOOGL trades at $314.25, up 0.22% with volume surging to 8.28M shares. Intraday highs hit $316.95, nearing the 30-day moving average of $313.09.
• Options Imbalance: Call open interest dominates at strikes like $320 and $317.5, while puts cluster at $310 and $307.5. The put/call ratio for open interest is 0.82, hinting at cautious bullishness.
• Block Trade Alert: A $2.54M put block at $240 (expiring Jan 16, 2026) and a $1.35M call buy at $260 (expiring Dec 19) suggest institutional positioning.

The Core Insight: GOOGL’s options market is painting a clear picture—traders are pricing in a near-term push toward $320, with heavy call open interest and block trades signaling conviction. The stock’s technicals and news flow align with this narrative, making it a high-probability setup for December 30th.Bullish Sentiment in the Options Chain

The options data tells a story of a market leaning all-in on the upside. For this Friday’s expirations, call open interest peaks at $320 (OI: 12,307) and $317.5 (OI: 12,083), while puts cluster at $310 (OI: 8,175) and $307.5 (OI: 6,046). This isn’t just noise—it’s a vote of confidence. Traders are betting that GOOGL will break above its 30-day support/resistance range of $313.09–$314.03 and test the $320 level, where Bollinger Bands sit at $324.64.

But don’t ignore the risks. The $310 put block and a $2.54M put trade at $240 (GOOGL20260116P240) suggest some hedging activity. If the stock stumbles below $312.42 (the lower Bollinger Band), those puts could trigger a short-term bounce. The key takeaway? Bullish momentum is strong, but volatility is brewing—position with stops near $310 to guard against a surprise pullback.

News Flow: Fuel for the Fire

Alphabet’s recent $4.75B acquisition of Intersect isn’t just a headline—it’s a catalyst. By expanding energy and data center infrastructure, the move directly supports the company’s AI and cloud ambitions. DAVENPORT & Co’s 0.5% Q3 stake increase to 964,552 shares (valued at $234.6M) reinforces institutional confidence. Analysts are already penciling in a $315.90 price target, and the stock’s 28x 2026 P/E looks undervalued given its AI-driven growth.

Here’s the kicker: The market is pricing in a $5 trillion market cap run by 2026. With AI monetization scaling and cloud revenue up 34% in Q3, this isn’t just hype. The options data and news flow are in sync—GOOGL is on a trajectory to outperform.

Actionable Trade IdeasFor Options Traders:

• Buy the $315 Call (GOOGL20260109C315): With 3,232 open interest and next Friday’s expiration, this strike balances affordability and upside. A $314.25 entry today gives you a 0.75% buffer to breakeven. Target $320 (a 1.8% move) for a 25%+ return in 9 days.
• Buy the $320 Call (GOOGL20260109C320): Riskier but higher reward. If GOOGL breaks $316.95 (today’s high), this call could explode. Stop below $313.09 to avoid getting whipsawed.

For Stock Traders:

• Entry Near $314.25: With RSI at 49.8 and MACD hovering near zero, this is a textbook setup for a breakout. Set a tight stop at $312.46 (intraday low) and target $320–$324.64 (Bollinger upper band).
• Collar Strategy: Buy the $310 put (GOOGL20260109P310) and sell the $330 call (GOOGL20260109C330) to hedge downside while capping upside. This locks in a 1.5% buffer below current price and caps gains at $330.

Volatility on the Horizon

The next two weeks will be critical. If GOOGL holds above $312.42 and closes above $316.95 this week, the $320 call block could ignite a short-covering rally. Conversely, a breakdown below $310 would validate the put block’s bearish signal. Either way, the options market has already priced in a directional move—now it’s time to act.

Final Take: GOOGL’s options, fundamentals, and technicals are in rare alignment. This isn’t a gamble—it’s a calculated play on a stock primed to break through its consolidation phase. For traders with a 1–2 week time horizon, the $315–$320 call strikes and a core position in the stock offer the best risk/reward. Stay nimble, and watch the $5 trillion dream take shape.