Alphabet (GOOGL) Options Signal $350 Bullish Bias as $4 Trillion Club Member Eyes AI-Driven Breakout

• GOOGL surges 1.47% to $336.74 amid record highs and $4 trillion valuation milestone
• Options market shows 23% more open interest in calls than puts, with heavy positioning at $350 strike
• Block trades in March 2026 options hint at institutional bets on AI partnership momentum

Here’s the big picture: GOOGL’s options activity and technicals are painting a clear picture of a stock on the verge of a breakout. With momentum indicators screaming bullish and options traders stacking call options at key resistance levels, this could be the setup we’ve been waiting for in the AI-driven tech rally. Let’s break down why this $336 stock might be aiming for $350+ by Friday.

Where the Money is Flowing: Calls at $350, Puts at $300, and What It Means

If you’ve been watching options data all week, you’ve noticed the call/put imbalance. This Friday’s chain shows 31,877 open contracts at the $350 call (GOOGL20260116C350) — nearly double the next strike. That’s not just noise; it’s a vote of confidence from institutional players who see $350 as a key inflection point. Meanwhile, the $300 put (GOOGL20260116P300) with 41,351 open contracts tells us some big money is hedging against a rare pullback.

But here’s the twist: the next Friday’s options show a shift. The $345 call (GOOGL20260123C345) jumps to 4,295 open contracts, while puts at $260 (GOOGL20260123P260) dominate with 10,815. This suggests short-term bulls are locking in near-term gains, while longer-term bears are bracing for a potential test of 200-day support at $249.51.

The Block Trade Angle: March 2026 Bets Tell a Story

Don’t ignore those March 2026 block trades. The $1.87 million call trade at $330 (GOOGL20260320C330) and $893k put at $310 (GOOGL20260320P310) hint at a hedged long position. These aren’t retail traders — they’re positioning for a multi-month AI-driven rally while protecting against a sudden market rotation.

News That Fuels the Fire: Apple Deal and $4 Trillion Club

Let’s not forget why GOOGL is even here. The Apple partnership turning Gemini into Siri’s AI backbone isn’t just a headline — it’s a revenue catalyst. When a $4 trillion company dodges antitrust breakup and then signs a multi-year AI deal with Apple, that’s not a stock that consolidates. It’s a stock that runs.

But here’s the catch: RSI at 88.02 means overbought territory. If the $340.48 intraday high holds, this could be a classic "buy the news, fly the news" scenario. However, if the 30-day support zone ($312.88-$313.59) breaks, watch for a retest of those Bollinger Bands lower bounds at $297.

Your Playbook: Calls at $350, Stock Entry at $333

For options traders: The GOOGL20260116C350 call is your best bet this week. With the stock already at $336, a push to $350 would give this strike 4.3% upside in three days. If you want a longer play, the GOOGL20260123C345 offers a slightly cheaper entry with similar reward potential.

For stock players: Consider entries near $333 (current intraday low) with a tight stop below $330. Your first target is $340 (breakout level), then $350 (key call-heavy zone). If the stock dips to $325, that’s a high-probability entry — but only if the 200-day MA at $222.83 holds.

Volatility on the Horizon: Why This Week Matters

The next 72 hours could define GOOGL’s 2026 trajectory. With options expiration creating a liquidity vacuum and the Apple AI rollout still in early stages, we’re looking at a textbook "volatility squeeze" scenario. Bulls have the momentum, but bears have the puts. My call? The $350 level isn’t just a number — it’s a psychological barrier that could trigger a cascade of call options closing out in profit. Stay ready, but stay rational. This isn’t a binary bet — it’s a calculated move in a stock that’s already made 65% in 2025.