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Alphabet (GOOG, GOOGL) presents a fascinating case for options traders looking for single-security ideas for debit-based upside speculation. Essentially, the setup is that while GOOG stock represents a solid idea — managing to score a 56% Buy rating per the Barchart Technical Opinion indicator — the performance this month has been disappointing. However, because March tends to statistically deliver better results, GOOGL may be on speculators’ wish list.
For starters, an interesting development has been flashing in options flow. This screener focuses exclusively on big block transactions likely placed by institutional investors. From a cumulative perspective, net trade sentiment for GOOG stock has been overwhelmingly negative, especially thanks to certain sessions with pronounced surface-level pessimism.
