Alphabet (GOOGL) Options Signal $335 Bullish Battle: How Traders Can Position for AI-Driven Breakouts

• Current Price Action: GOOGL trades at $303.44, up 0.32% with volume surging to 9.9M shares. Intraday range: $300.97–$304.37.
• Options Imbalance: Call open interest dominates at $335–$340 strikes, while puts pile up at $290–$230.
• Block Trade Alert: A $2.54M bet on the $335 call (GOOGL20251219C335) and $720K on the $235 put (GOOGL20260320P235) hint at big-money positioning.

Here’s what’s happening: The options market is locked in a tug-of-war between bulls eyeing a $335 breakout and bears bracing for a $290 support test. With AI-driven earnings and analyst upgrades fueling optimism, GOOGL sits at a crossroads—short-term technicals warn of a pullback, but long-term call buying screams conviction.The Options Playbook: Where Bulls and Bears Are Bidding

The open interest map tells a clear story: call buyers are stacking up at $335–$340, with 24,316 contracts at the $335 strike alone. This isn’t just noise—it’s a wall of money betting on a breakout above the 30D support/resistance zone of $319.68–$320.62. Meanwhile, put open interest peaks at $290 (21,994 contracts), suggesting a key psychological level where bears might step in if the stock cracks below its 200D MA of $211.52.

But don’t ignore the block trades. A $2.54M purchase of the GOOGL20251219C335 call (expiring this Friday) signals a whale is hedging or speculating on a short-term pop. Conversely, the $720K GOOGL20260320P235 put (expiring March 2026) hints at long-term downside protection bets. The 0.80 put/call OI ratio (calls > puts) reinforces the bullish tilt, but the heavy put volume at $230–$290 warns: volatility isn’t one-sided.

News That Could Tip the Scales

Alphabet’s Q3 results—$102.34B revenue, $34.98B profit—back up the options narrative. Analysts like Bank of America’s Justin Post (Buy, $335 target) and RBC’s Brad Erickson are cheering the Gemini AI rollout and Malaysia clean energy deals, which directly fuel cloud infrastructure growth. Oak Thistle’s $4.14M stake adds institutional credibility, though insider selling ($63M over 90 days) introduces friction.

The real wildcard? Sustainability-linked data center expansions. If these projects accelerate, they could supercharge cloud revenue—pushing the stock toward the $335 analyst target. But if AI adoption slows or energy costs spike, the $290–$300 range becomes a critical battleground.

Actionable Trades: Calls, Puts, and Precision Entries

1. Bullish Play: Buy the GOOGL20251219C335 call (strike: $335, exp: 12/19). If GOOGL breaks above $304.37 (intraday high), this $335 call could surge as short-term AI hype kicks in. Exit at $337.50+ for a quick scalp.
2. Bull Call Spread: Buy GOOGL20251219C310 ($13,278 OI) and sell GOOGL20251219C330 to cap risk. Profit if the stock holds above $300.97.
3. Stock Entry: Consider buying GOOGL near $300.97 (intraday low) if it bounces off the 200D MA. Target $312.36 (middle Bollinger Band) as a first test of strength.
4. Bear Put Spread: Buy GOOGL20251219P290 ($21,994 OI) and sell GOOGL20251219P300 if the stock dips below $300.97. This caps losses while targeting a $290 support test.

Volatility on the Horizon: What to Watch

The next 72 hours will be pivotal. If GOOGL holds above $300.97, the $335 call frenzy could ignite a short-term rally. But a close below $300.97 would validate the RSI’s oversold reading and trigger a test of the $290–$293.82 range. Longer-term, the March 2026 block trades (calls at $310, puts at $235) suggest positioning for Q1 2026 earnings or AI model launches. Either way, this stock isn’t going sideways—it’s picking a direction. Your job? Decide which side of the $335 battle you want to be on.