Alphabet A (GOOGL) Options Signal Bullish Setup at $310–$345 Range: A Strategic Entry for April 10–17 Expiry

• Open interest in OTM calls is surging ahead of this Friday’s expiry.
• The 30-day RSI is approaching oversold levels, suggesting a potential bounce.
• Institutional block trades are betting heavily on puts with expiry beyond May 2026.
• The options chain is skewed to the upside, while the stock is hovering near key support.

Alphabet A (GOOGL) is caught in a tight tug-of-war between short-term bullish momentum and long-term uncertainty in AI hardware supply chains. Yet the options data and technicals are aligning toward a key breakout scenario: a move above $307.5 into the $310–$315 resistance zone could trigger a wave of call option assignments and renewed momentum. With the stock trading at $302.30 and showing a 0.77% intraday gain on heavy volume, now is the time to pay attention to both the price action and the options setup.

Market Sentiment in the Options Chain: A Clear Bullish Bias

Looking at the options chain for this Friday’s expiry (2026-04-10), the top OTM call options are concentrated in the $305–$315 range, with the $310 call having the highest open interest at 8785 contracts. This is a strong signal that market participants are hedging or expecting a push toward these levels by Friday. On the put side, the $265 put is heavily traded, which is far out of the money, indicating bearish hedges, but the put/call ratio (0.80 for open interest) still favors bullish sentiment.

Next Friday’s expiry (2026-04-17) sees even more action: the $345 call dominates with 56,811 contracts, followed by $330 and $320. This suggests a longer-term bullish bias, with players setting up for a significant move past $315 and into the $320–$345 range.

Block trading adds further intrigue. One notable trade is the GOOGL20260918P300 put with a $300 strike price and a 300-contract purchase, which may hint at a longer-term bearish position or a volatility hedge. But the bulk of block activity is skewed toward puts, especially in the $280–$300 range, which aligns with a defensive position in case of a pullback.

The News Flow: Strength and Caution in Alphabet’s AI Roadmap

Alphabet’s recent news has been a mixed bag of strength and uncertainty. On the one hand, the multi-year chip deal with Broadcom is a major win that reinforces its AI infrastructure and gives a clear edge in compute capacity. The $400 billion revenue milestone is another big tick in the right column, especially for a stock that has faced questions around AI monetization. Analysts from UBS, Scotia Bank, and JPMorgan are raising price targets, and the recent earnings beat shows the core Google business remains robust.

But there are shadows under the light. The CEO and CAO selling shares may add short-term skepticism, and the regulatory and environmental pressures are not going away. Plus, Intel’s aggressive move into AI packaging could shake up the supply chain and challenge Google’s long-term reliance on Broadcom.

These developments are likely why the options market is showing more caution on the downside—especially with the $300 and $280 puts having significant open interest. But the news overall supports a bullish bias, especially in the context of AI growth and infrastructure expansion.

Trading Opportunities: Exact Entries and Option Picks for April 8–17

Given the current setup, here are a few actionable trades that take advantage of the options activity and price action:

1. Stock Buy Near 302.30 if support holds.

• Entry: Consider buying GOOGL near $302.00 if the price stays above the intraday low of $297.72 and shows follow-through on volume.
• Target: A move toward $310–$315 is likely, based on the open interest concentration and the 30-day support/resistance levels at 306.59–307.38. A break above $310 would be a key trigger for the next wave of call assignments.
• Stop: Below $297.00 could signal a breakdown in momentum.

1. Options Play 1: Call Debit Spread to Ride the $310–$320 Range

• Buy the GOOGL20260410C310 and sell the GOOGL20260410C320.
• Why: This captures the OTM call heavy zone with reduced capital outlay, capitalizing on the high open interest at $310 and the lower probability of reaching $320 by Friday.
• Cost: Approximately $1.50–$2.00 per contract.
• Target: A $1.50 move into the upper end of the range, for a $750–$1000 profit per contract.

1. Options Play 2: Long Call for April 17 Expiry

• Buy the GOOGL20260417C320.
• Why: This is a more aggressive play for longer-term holders who believe the stock will break through the $315 resistance and head into the $320–$345 range.
• Cost: Around $3.00–$4.00 per contract.
• Target: A move to $325 or higher, which would see a $300–$400 gain per contract by April 17.

Volatility on the Horizon: A Key Week for Alphabet

This week is shaping up to be a key decision point for GOOGL. With strong call open interest, a bullish RSI near oversold levels, and news flow supporting AI growth, the risk/reward is skewed to the upside. However, the block trades on the put side and the regulatory/environmental concerns can’t be ignored.

Traders should keep an eye on the $307.5–$310 level this week. If the stock holds and shows conviction, it’s a green light to chase the call options and the stock trade. If it breaks support, the put plays at $300 and $280 become more relevant. Either way, Alphabet is in a high-volatility situation—and that’s where opportunity lives.

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