Looking At Alphabet's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Recent unusual options activity in Alphabet (NASDAQ:GOOGL) shows a mix of bullish and bearish sentiment among investors, with a significant volume of trades aiming for a price window of $95.0 to $200.0. The analysis of volume and open interest trends indicates active trading within this range. Alphabet, a major internet media company primarily earning from online ads and its various services including Google Cloud, is currently trading up by 1.53% at $166.37. Market experts have issued a consensus target price of $191.0 for Alphabet, with ratings ranging from Buy to Hold.
May 02, 2024 | 7:31 pm
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Alphabet's recent options activity indicates a bullish sentiment among investors, despite a mix of bullish and bearish trades. With the stock currently up and a consensus target price of $191.0 from market experts, Alphabet appears to be in a strong position.
The unusual options activity, with a higher volume of calls than puts and a trading price increase, suggests a positive outlook for Alphabet. The consensus target price of $191.0 by market experts further supports a bullish sentiment in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100