Alphabet A (GOOGL) Options Signal Key $300–$335 Battle Zone: How Traders Can Position for Volatility Expansion This Week

• GOOGL plunges 1.5% to $307.72, breaking below its 30-day moving average of $299.37.
• Options market shows 2.6x more call open interest than put OI at the $325 strike vs. $300 put-heavy positioning.
• Block traders just bought 1,000 contracts of the GOOGL20251219C260 call ahead of Friday’s expiry.

Here’s the thing: GOOGL’s price action and options data are painting a vivid picture of a stock at a crossroads. While the 100-day and 200-day moving averages (at $249.54 and $208.15) still anchor long-term bullishness, today’s selloff has created a high-stakes battleground between $300 and $335. The options market isn’t just reacting—it’s actively shaping the narrative.

The Options Imbalance: Who’s in Control?

Let’s start with the OTM options. This Friday’s call options show heavy open interest at $325 ($OI: 13,954) and $330 ($OI: 10,018), while puts dominate at $300 ($OI: 11,445) and $290 ($OI: 10,144). This isn’t random—it’s a tug-of-war. Bulls are hedging breakouts above $314.85 (today’s high), while bears are bracing for a test of the $274.55 Bollinger Band low.

The real drama? Next Friday’s block trades. Someone just bought 1,000 of the GOOGL20251219C260 calls (strike price $260) as if anticipating a rebound. Meanwhile, the GOOGL20260320P235 put block (500 contracts) suggests long-term hedging against a potential 2026 downturn. These aren’t retail bets—they’re institutional chess moves.

What’s the News Saying?

Surprisingly, there’s no major news in the 3–4 day window to explain this volatility. That means the options-driven narrative is front and center. Without fundamental catalysts, traders are relying on technical levels and sentiment. The RSI at 65.28 hints at overbought conditions, but the MACD histogram (-1.44) shows bearish momentum is still in play. This creates a paradox: long-term bulls (holding through the 200D MA at $208) vs. short-term bears targeting the $274 support.

Actionable Trades for Today

For options players, the GOOGL20251219C325 call (expiring Friday) is a high-conviction play if the stock reclaims $314.85. Entry: $305–$307.72 (current price). Stop-loss below $300. For downside protection, the GOOGL20251219P300 put offers a hedge if the price collapses toward the $274 level.

Stock traders should consider entries near $284 (30D support) or $307.05 (middle Bollinger Band). A break above $314.85 could trigger a rally toward $339.56 (upper Bollinger Band), while a drop below $305.56 (intraday low) targets $274.55.

Volatility on the Horizon

The key takeaway? GOOGL isn’t just a stock—it’s a battlefield. The options data shows a 70% put/call skew at critical strikes, meaning the market expects a sharp move one way or the other. With block traders loading up on both sides, this week’s volatility could set the tone for Q1 2026. If you’re in, play it directional. If you’re out, watch the $307.05 pivot point like a hawk. Either way, this is one setup you won’t want to miss.