Alphabet (GOOGL) Options Signal Bullish Bias: Key Strikes and Block Trades Point to $335+ Upside Potential

• GOOGL trading at $318.31, up 0.39% with volume surging past 8.1M shares
• Call open interest dominates at $325–$350 strikes, while puts cluster at $290–$310
• Block trades hint at whale activity in $260 calls and $235 puts ahead of March 2026

Here’s the deal: GOOGL’s options market is screaming bullish, but the technicals and news paint a nuanced picture. Let’s break it down.

Where the Money Is Flowing: Calls at $335, Puts at $300, and Whale Moves

If you look at open interest, it’s clear the crowd is betting on a fight above $320. This Friday’s $325 call (GOOGL20251212C325) has 15,518 contracts outstanding—nearly double the next strike. Next week’s $335 call (GOOGL20251219C335) jumps to 24,425 contracts, showing a clear price level where smart money thinks the stock will linger.

But don’t ignore the puts. The $300 strike (GOOGL20251212P300) has 11,739 puts in play, acting like a floor if the $314.68 intraday low gets tested. The block trades add intrigue: someone bought 1,000 $260 calls (GOOGL20251219C260) and 500 $235 puts (GOOGL20260320P235). This isn’t just noise—it’s a hedge or a bet on a volatile March 2026 window.

News That Could Tilt the Scales

Alphabet’s recent partnership with S&P Global is a quiet winner. By pushing Google Cloud’s agentic AI into financial services, they’re carving out a new revenue stream. Pivotal Research’s $400 price target isn’t just optimism—it’s math. But that court ruling forcing Google to renegotiate search contracts annually? That’s a wildcard. If Apple pulls the default search deal, it could dent ad revenue by $1–2B annually. The market isn’t pricing that in yet, but the puts at $290+ suggest some caution.

Your Playbook: Calls at $325, Stock Entry Near $314

For options traders: The GOOGL20251212C325 call is your short-term bet. With the stock already at $318, a push to $325 would make this $2.31 premium contract look like a 50%+ gain by Friday. If you want time, the GOOGL20251219C335 call is better positioned for a breakout.

Stock players: Consider entry near $314 if the lower Bollinger Band (270.82) feels too far. Your first target is $330 (RSI suggests overbought but not terminal), with a stretch goal at $335. Use the $285 support level as your hard stop—break below that and reassess.

Volatility on the Horizon: Balancing AI Hype and Legal Headwinds

Alphabet’s story is a tug-of-war between AI euphoria and regulatory friction. The options market leans heavily on the former, but that $290–$310 put cluster won’t disappear. My read? Ride the $318–$335 wave but keep a seatbelt handy. The block traders are hedging for March 2026—so should you.

Bottom line: This isn’t a "buy and forget" trade. But if you’re positioned for a $335+ move, the technicals and options flow are on your side. Just don’t ignore the puts—they’re whispering "don’t get greedy" in case the search war turns ugly.