Alphabet (GOOGL) Options Signal Bullish Bias at $325–$330, But Watch for $310 Support Amid AI Infrastructure Moves

• GOOGL trades at $315.93 (-1.3% intraday) amid a short-term bullish trend but faces near-term volatility from Waymo recalls.
• Options data shows heavy call open interest at $325–$330 (this Friday’s top OTM calls) and puts at $300–$290, with a put/call ratio of 0.8 (calls dominate).
• A $260 call block trade (GOOGL20251219C260) hints at institutional bullishness ahead of Friday’s expiry.

Here’s the takeaway: options market sentiment leans sharply bullish, with heavy positioning above $325 and below $300. But today’s price action—a drop to $313.58—suggests a critical test of 30D support at $319.53. If that holds, the stock could rebound toward $325–$330, where call open interest is concentrated. If not, the 200D support at $162.57 looms as a distant tail-risk scenario.

"The Options Playbook: Calls at $325, Puts at $300, and a Whale’s Bet at $260"

The options chain tells a story of divided confidence. For this Friday’s expiry, calls at $325 (OI: 16,996) and $330 (OI: 13,795) dominate, suggesting traders are pricing in a potential rebound above current levels. Meanwhile, puts at $300 (OI: 11,762) and $290 (OI: 11,475) indicate hedging against a deeper pullback. The put/call ratio of 0.8 reinforces a net bullish bias, but don’t ignore the risk: if GOOGL closes below $310 (a key next Friday’s put strike with OI: 25,348), panic could accelerate.

The most eye-catching move? A block trade of 1,000 contracts at GOOGL20251219C260 (strike: $260, expiry: Dec 19) worth $1.355M. That’s not just noise—it’s a whale betting on a sharp rebound to $260+ by expiry. Combine this with the $325–$330 call pileup, and it feels like a multi-layered bullish setup. But if the stock gaps lower tomorrow, those $260 calls could turn into a fire sale.

"News That Could Tip the Scales: AI Hype vs. Waymo Headwinds"

Alphabet’s fundamentals are a mixed bag. Truist’s upgrade to $350 and Q3-25’s 15.49% revenue growth ($94.26B) are tailwinds. The $90B AI infrastructure push under Amin Vahdat? That’s a long-term bullish catalyst, especially if Gemini models gain traction. But the Waymo recall of 3,067 vehicles introduces near-term jitters. Retail traders might overreact to the recall, pushing the stock toward $300–$310. However, the broader market’s love for AI and cloud growth could outpace this operational hiccup.

"Trade Ideas: Calls for the Bold, Puts for the Pragmatic"

For options traders, here’s what to consider:

• Bullish Play: Buy the GOOGL20251219C325 (strike: $325, expiry: Dec 19) if GOOGL rebounds above $319.53. The block trade at $260 and heavy call OI at $325 suggest a potential short-term target.
• Bearish Hedge: Buy the GOOGL20251219P310 (strike: $310, expiry: Dec 19) if the stock tests support below $313.58. With OI: 25,348, this strike is a magnet for panic selling.

For stock traders, consider:

• Entry near $315–$317 if the 30D support at $319.53 holds. Target $325–$330 if the RSI (currently at 69.35) breaks above 70.
• Stop-loss below $310 to avoid a cascade into the 200D support zone.

"Volatility on the Horizon: A Tightrope Walk for GOOGL"

The coming days will test GOOGL’s resilience. The options market is pricing in a bullish rebound, but today’s price action shows fragility. If the stock holds above $310, the $325–$330 call strikes could ignite a short-term rally. But a breakdown below $310 would force traders to reckon with the puts at $300 and the block trade at $260. Either way, volatility is the name of the game—and that’s where the opportunities lie.