Alphabet A (GOOGL) Options Signal Bullish Bias: Key Strike Levels and Whale Moves to Watch for Dec 12–19 Expirations

• GOOGL surges 1.22% to $317.56, trading near 30-day high of $317.99
• Options data shows 25% more call open interest than puts, with heavy concentration at $335 and $330 calls
• Block traders just bought 1,000 contracts of the GOOGL20251219C260 call ahead of Friday’s expiry

Here’s the takeaway: Alphabet A shows clear upside momentum with technicals and options data aligning on a bullish bias. But watch for short-term profit-taking risks as RSI nears overbought territory. Let’s break down what this means for your trading desk.

Where Smart Money Is Piling In: OTM Options and Whale Moves

The options market is painting a mixed but actionable picture. For this Friday’s expiry (Dec 12), the most watched calls are at $325 (OI: 15,341) and $330 (OI: 15,021), while puts at $290 (OI: 11,580) and $300 (OI: 10,907) show defensive positioning. But the real story emerges in next Friday’s chain: the GOOGL20251219C335 call (OI: 24,151) has become a magnet for capital, suggesting traders expect a push above $330.

Block trading adds intrigue. The GOOGL20251219C260 call (buy, 1,000 contracts) signals big players are hedging or speculating on a mid-$320s breakout. Meanwhile, the GOOGL20260320P235 put (buy, 500 contracts) hints at long-term downside concerns, but with expiration in March 2026, this feels more like portfolio insurance than an immediate bearish signal.

The News Gap: What’s Missing from the Narrative

There’s one glaring absence: no major company-specific news in the 3–4 day window. This means the current price action and options flows are likely driven by broader market sentiment—specifically, AI sector rotation and macro positioning ahead of Q4 earnings season. Without fundamental catalysts, this could limit upside unless GOOGL surprises to the upside with its own news (e.g., cloud revenue beats or product announcements).

Your Playbook: 3 Ways to Position for the Upcoming Move

1. Options Play (Aggressive): Buy the GOOGL20251219C330 call if GOOGL closes above $317.50 today. With the 200-day MA at $206 and Bollinger Bands widening, a break above $330 could trigger a parabolic move. Target: $345–$350 by Dec 19.

1. Options Play (Cautious): Sell the GOOGL20251219P300 put if price dips to $311–$312 (current day’s low). This creates a collar if you’re holding the stock, or a standalone credit spread for directional bias.

1. Stock Play: Consider entry near $315 if support at the 30-day MA ($294.75) holds. Set a tight stop below $307.50 (today’s put-heavy zone). First target: $335 (aligns with call OI hotspots); second target: $345 (upper Bollinger Band).

Volatility on the Horizon

The key question isn’t whether GOOGL is bullish—it’s how fast the move will play out. With MACD losing momentum (histogram turning negative) and RSI at 69.5, a pullback to test $311–$312 could happen before the rally resumes. But the long-term picture remains intact: 200-day MA at $206 is a floor, and the 100-day MA ($245.70) is now 70% below current price. This is a stock in ascension—just watch for profit-taking pauses.

Bottom line: The options market is pricing in a $330+ move by Dec 19. Your job is to decide whether to ride the wave or hedge the risks. Either way, the next 72 hours will tell us if this is a breakout or a blip.