Whales with a lot of money to spend have taken a noticeably bearish stance on Alphabet.
Looking at options history for Alphabet (NASDAQ:GOOGL) we detected 24 trades.
If we consider the specifics of each trade, it is accurate to state that 33% of the investors opened trades with bullish expectations and 58% with bearish.
From the overall spotted trades, 2 are puts, for a total amount of $107,475 and 22, calls, for a total amount of $1,358,014.
Predicted Price Range
After evaluating the trading volumes and Open Interest, it’s evident that the major market movers are focusing on a price band between $290.0 and $350.0 for Alphabet, spanning the last three months.
Insights into Volume & Open Interest
In today’s trading context, the average open interest for options of Alphabet stands at 3881.84, with a total volume reaching 5,226.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Alphabet, situated within the strike price corridor from $290.0 to $350.0, throughout the last 30 days.
Alphabet Option Activity Analysis: Last 30 Days
This post was originally published here
