Alphabet (GOOGL) Options Signal $320 Bullish Bias: Here’s How to Position for AI-Driven Growth

• Current Price Action: GOOGL trades at $313.42, down 0.21% with volume surging to 5.03M shares.
• Options Imbalance: Call open interest dominates at $320 and $315 strikes, while puts cluster near $312.5.
• Key Catalysts: Google’s $4.75B Intersect buy and renewable energy deals fuel AI infrastructure bets.

The stock isn’t just ticking—it’s signaling. The options market is leaning hard into a bullish narrative, with heavy call buying at $320 and $315 strikes. Combine that with Alphabet’s aggressive energy and AI moves, and the setup feels like a coiled spring ready to snap higher. Let’s break it down.Bullish Call Clusters and Whale Moves: What’s Cooking at $320?

The options chain tells a story of conviction. For this Friday’s expiration, GOOGL20251226C320 (OI: 9,982) and GOOGL20251226C315 (OI: 7,981) dominate call open interest. These strikes act like a magnet—traders are pricing in a push above $315, where the 30D support/resistance range ends at $314.97.

On the put side, GOOGL20251226P312.5 (OI: 7,708) and GOOGL20251226P310 (OI: 5,670) show defensive positioning. But the put/call ratio of 0.81 (calls > puts) suggests the crowd expects a rebound, not a breakdown.

Block trades add intrigue. A 2,000-lot buy of GOOGL20260116P240 (deep OTM put) and a 1,000-lot purchase of GOOGL20251219C260 (call) hint at big players hedging long-term bets or accumulating cheap premium. The $240 put, expiring in late January, could signal a floor if volatility spikes.

News Flow: Why This Isn’t Just a Short-Term Pop

Alphabet’s recent headlines are a goldmine for bullish momentum. The $4.75B Intersect acquisition isn’t just about AI—it’s about solving the energy bottleneck holding back data centers. Pair that with the 21-year Malaysia solar PPA and Bank of America’s “Buy” upgrade, and you’ve got a recipe for sustained infrastructure-driven growth.

The real kicker? Google’s foray into real estate listings via search. This isn’t a side hustle—it’s a direct threat to Zillow’s ad revenue. If the stock’s fundamentals keep improving, the $320 level (where call OI peaks) could feel like a floor, not a ceiling.

Actionable Trades: Calls, Spreads, and Strategic Entries

For options traders, the GOOGL20260102C315 (next Friday’s $315 call) is a prime candidate. With the stock hovering near $313.42, a break above $314.97 (30D resistance) could trigger a rally toward $320. This strike offers leverage without the premium burn of $320+ calls.

A safer play? A bull call spread using GOOGL20260102C315 and GOOGL20260102C320. Cap risk while capitalizing on the $315–$320 squeeze.

For stock buyers, consider entry near $312.5 (the put-heavy support level). If the price holds, target $320 as a first profit zone. A risk-reversal strategy—buying GOOGL20260102P312.5 and selling GOOGL20260102C320—could lock in volatility while hedging downside.

Volatility on the Horizon: Why This Setup Matters

The next two weeks will test GOOGL’s resolve. With Bollinger Bands widening and RSI at 47 (neutral), the stock is primed for a directional move. The options market’s focus on $315–$320 isn’t random—it’s a vote of confidence in Alphabet’s AI and energy bets.

But don’t ignore the puts. That $312.5 strike is a psychological line. If the stock dips below $312.27 (today’s low), the $300–$310 put cluster could ignite a short-term selloff.

Final Take

Alphabet’s options activity and news flow align for a bullish case. The $320 call strikes are the sweet spot for traders, while the stock’s support/resistance levels offer clear entry/exit points. This isn’t a gamble—it’s a calculated play on a company building the infrastructure for AI’s next phase.

Bottom line: Position for a breakout above $315. If the stock holds, the road to $320 is paved with options-driven momentum and real-world catalysts.