/Alphabet%20(Google)%20Image%20by%20Piotr%20Swat%20via%20Shutterstock.jpg)
A Barchart report yesterday (April 15) shows how large funds hedge their bets in Alphabet Inc. (GOOG) stock. A large tranche of deep out-of-the-money GOOG puts traded for expiry in 3 weeks (May 9).
In effect, sellers of these puts made easy cash, while the buyers essentially bought crash insurance, likely hedging any downside from large holdings in GOOG stock.