Alphabet (GOOGL) Options Signal $320 Bullish Bias: Trade Setup for AI-Driven Energy Play

• GOOGL surges 1.37% to $314.03, breaking above its 30D support/resistance zone at $319.68

• Call open interest dominates at $320 (8,192 contracts) and $315 (7,802), while puts peak at $290 (6,317)

• Block trades hint at big money bets: 2,000 puts at $240 and 1,000 calls at $260 for Jan 2026

Here’s the deal: GOOGL’s options market is painting a clear picture. With call open interest stacking up at $320 and $315, and block trades showing heavy put/call activity for 2026 expirations, this isn’t just noise—it’s a signal. Combine that with Alphabet’s $4.75B Intersect acquisition, and you’ve got a stock primed for a breakout. Let’s break it down.

Where the Money is Flowing: Calls at $320, Puts at $290, and Whale Moves

The options chain tells a story of cautious optimism. For this Friday’s expirations, 8,192 calls at $320 ($9.03 OTM) and 7,802 at $315 ($4.25 OTM) show retail and institutional players hedging for a rally. Meanwhile, 6,317 puts at $290 ($24.03 OTM) suggest downside protection is being bought. But the real drama is in the block trades: 2,000 puts at $240 (GOOGL20260116P240) and 1,000 calls at $260 (GOOGL20260320C270) indicate big players are positioning for a 2026 move. These aren’t random bets—they’re strategic.

Why the Intersect Acquisition Matters for Traders

Alphabet’s $4.75B grab of Intersect isn’t just another acquisition—it’s a lifeline for its AI and cloud ambitions. By merging energy generation with data centers, Alphabet is solving a critical bottleneck: power availability. This move validates the options market’s bullish tilt. Investors are pricing in a future where Alphabet’s infrastructure can scale without grid constraints, which directly supports the $320+ price targets we’re seeing in call options. The news also explains why block traders are buying deep OTM puts/calls—they’re betting on a multi-year energy-cloud story.

Trade Ideas: Calls for Breakouts, Stock for Precision Entries

For options: The GOOGL20260116C320 call (expiring Jan 16) is a prime play if GOOGL holds above its 20D EMA at $313.75. With the stock already testing $314.78 today, a close above $315 could trigger a rush to these strikes. For a longer-term bet, the GOOGL20260320C270 call (buy-to-open) offers leverage if the Intersect integration drives cloud revenue faster than expected.

For stock: Consider entries near $313.75 (middle Bollinger Band) with a stop below $309.32 (today’s low). The first target is $320 (key call OI zone), followed by $327.83 (upper Bollinger Band). If the stock dips to $299.67 (lower band), it could test the puts at $290—but that’s a bearish scenario requiring a breakdown of the 30D support at $319.68.

Volatility on the Horizon: Aligning Options, News, and Technicals

The pieces are lining up. Alphabet’s energy play addresses a real-world problem (grid limits) while its cloud revenue keeps growing (up 28.4% YoY). The options market is pricing in a $320+ future, and the block trades suggest big money agrees. But don’t ignore the puts at $290—market uncertainty still exists. For now, the bias is clearly bullish, but keep an eye on the RSI (45) and MACD histogram (-2.84) for early signs of a pullback. This isn’t a one-way bet, but the setup for a $313.75–$320 trade is as clean as it gets.