Looking At Alphabet's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Unusual options activity has been observed for Alphabet (NASDAQ:GOOGL), with 14 options trades spotted, split between 50% bullish and 50% bearish. The options indicate a targeted price range of $100.0 to $180.0 for Alphabet over the last 3 months. The current price of GOOGL is up 0.05% at $125.48. Several financial institutions have maintained or downgraded their ratings on Alphabet, with price targets ranging from $128 to $172.
July 17, 2023 | 2:16 pm
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NEUTRAL IMPACT
Unusual options activity has been observed for Alphabet, indicating potential volatility in the short term. The targeted price range of $100.0 to $180.0 suggests significant movement potential.
The unusual options activity indicates that large investors are expecting significant price movement in Alphabet's stock. However, with the sentiment split equally between bullish and bearish, it's unclear in which direction the stock will move.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100