Alphabet (GOOGL) Options Signal $350 Bullish Bias: Here’s How to Play the AI-Driven Breakout

• GOOGL surges 1.27% to $329.56, with RSI near overbought levels and MACD histogram rising above 0.31.
• Call open interest spikes at $330 and $350 strikes for Friday expiry, while block trades hint at big money positioning.
• Scotiabank raises price target to $375, citing AI and cloud momentum—and the options market is listening.

Here’s the bottom line: GOOGL shows strong upside potential today. The stock is perched above key support at $313.38, with options data and technicals aligning for a breakout above $330. But don’t ignore the $315 put wall—it’s a warning sign if the AI hype falters.

Bullish Sentiment Locked in at $330–$350

Let’s start with the options. This Friday’s call open interest peaks at $330 (8,159 contracts) and $350 (3,350), while next Friday’s data blows that out of the water: $350 calls lead with 29,381 OI. That’s not just noise—it’s a vote of confidence. Big money is betting on a push toward $350, likely fueled by the recent $4.75B Intersect acquisition to power AI data centers.

But here’s the twist: the put wall at $315 (17,593 OI) isn’t just a safety net. It’s a red flag. If the stock dips below $325, that put-heavy zone could trigger a selloff. And don’t sleep on the block trades—2,000 calls at $345 and 500 puts at $330 for next Friday suggest smart money is hedging a volatile week.

News Flow: AI Wins Outweigh Regulatory Risks

The $375 price target from Scotiabank isn’t just a number—it’s a signal. Google’s AI strides, including the Gemini model outpacing OpenAI’s benchmarks, are forcing competitors into crisis mode. The Intersect deal? It’s a masterstroke for long-term AI infrastructure, but the market might underprice its impact.

Meanwhile, the autonomous vehicle hearing in Congress could create short-term noise for Waymo. But with the stock already up 1.27% and RSI at 89.34, regulatory headwinds feel like a distant concern. For now, the AI narrative is king.

Trade Ideas: Calls at $330, Puts as a Hedge

For options players:

• Buy GOOGL20260116C330 if the stock holds above $325. With $330 as a liquidity magnet and the stock already at $329.56, this call could ride the AI hype higher.
• Sell a call spread at $330/$350 for next Friday. The $350 strike has 29,381 OI—enough to create a ceiling if the AI frenzy cools.

For stock traders:

• Enter near $325 if support holds. Target $335 first, then $350. Stop below $313.38.
• Consider a put spread at $315/$300 if the stock dips. The $315 put wall could catch a pullback, but don’t chase unless volume surges.

Volatility on the Horizon

The next 72 hours will test GOOGL’s resolve. A close above $330.83 (today’s high) could trigger a parabolic move toward $350, fueled by the $350 call wall. But don’t ignore the $315 put risk—this is where the AI narrative could face its first real stress test.

Bottom line: This is a high-conviction trade for AI believers. The options market is pricing in a $350+ move, but the stock’s ability to hold $325 will be the key. If you’re in, ride the momentum—but keep a tight stop. The AI race is on, and GOOGL is in the lead.