Alphabet (GOOGL) Options Signal Bullish Bias: Key Strike Levels and Trade Setups for Dec 19 Expiry

• Current Price Action: GOOGL trades at $311.50, down 0.3% from its 52-week high of $314.85. Volume is 4.88M, below its 30-day average.
• Options Imbalance: Calls dominate open interest (211K vs. 168K puts), with heavy call OI at $335 and $330 for Dec 19 expiry.
• Block Trade Alert: A 1,000-lot buy of GOOGL20251219C260 ($260 call) and 500-lot buy of GOOGL20260320P235 ($235 put) hint at hedging or speculative bets.

The stock is caught in a tug-of-war between AI-driven optimism and regulatory headwinds—but options data leans bullish for a short-term breakout.Bullish Sentiment in Options and Block Trades

The options chain tells a clear story: traders are pricing in a rally. For Dec 19 expiry, the GOOGL20251219C335 ($335 call) leads with 24,309 open contracts, followed by GOOGL20251219C330 ($330 call) at 19,562. This suggests a consensus that GOOGL could test $330–$335 before year-end. The put/call ratio of 0.796 (calls > puts) reinforces the bias, though heavy put OI at $310 and $290 warns of downside risks below $300.

Block trades add intrigue. A 1,000-lot buy of GOOGL20251219C260 ($260 call) for Dec 19 expiry implies a big player is hedging or betting on a rebound. Meanwhile, a 500-lot buy of GOOGL20260320P235 ($235 put) hints at long-term bearishness, possibly from investors worried about regulatory costs or margin pressures.

News Flow: AI Momentum vs. Regulatory Drag

Alphabet’s Q4 results—$65.2B revenue, $320B 2026 guidance, and a $2.5B AI acquisition—paint a bullish backdrop. The new Gemini AI assistant and $10B Cloud data center plan are tailwinds. But the EU’s $3.2B fine and U.S. AI regulation concerns add friction. The stock’s 5% weekly volatility reflects this duality: investors love the AI story but fear execution risks.

Actionable Trade SetupsFor Options Traders:

• Bullish Play: Buy GOOGL20251219C330 ($330 call) for Dec 19 expiry. If GOOGL breaks above $314.85 (intraday high), this strike could see 20%+ gains. Stop-loss below $307.05 (Bollinger Band middle).
• Bearish Hedge: Buy GOOGL20251219P310 ($310 put) if price drops below $307.05. The 30D support at $284.88 acts as a floor to watch.

For Stock Traders:

• Entry Near Support: Consider buying GOOGL if it holds above $307.05. A close above $314.85 would validate the bullish case, with targets at $330 (key call OI level) and $335.
• Stop-Loss Strategy: Exit if price falls below $300 (heavy put OI) or $290 (next support band).

Volatility on the Horizon

The next 7 days will test GOOGL’s resolve. A break above $330 could trigger a re-rating of its AI growth story, while a drop below $300 might force a reevaluation of regulatory risks. The block trades suggest smart money is hedging both outcomes—but for now, the technicals and options data favor a bullish bias. Stay nimble, and let price action guide your exit.

Final Take: This is a high-conviction trade for AI optimists. The key is to balance the excitement around Gemini and Cloud growth with caution on regulatory timelines. If you’re in, keep stops tight and targets clear. The market isn’t done talking about Alphabet’s future—just yet.