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Barchart
Barchart
Mark R. Hake, CFA

Alphabet Stock Drops, But Huge Unusual Call GOOG Options Activity Highlights Its Value

Google Alphabet OTM Barchart

Alphabet Inc (GOOG) stock has been tumbling lately. The stock is at a three-month low. But some institutional investors are buying out-of-the-money call options, given today's unusual activity. That signals they may see this dip as a trough and see GOOG as a good investment.

GOOG is trading at $288.93 today, down from recent peaks of $309.41 on March 17 and $314.90 on Feb. 20, and well below its three-month high of $344.90 on Feb. 2. That was right before its Feb 4 Q4 earnings release.

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